Question
What tax years can a newly created corporation that makes an S election adopt for its first tax year? If a fiscal year is permitted,
What tax years can a newly created corporation that makes an S election adopt for its first tax year? If a fiscal year is permitted, does it require IRS approval? Please answer in 75 words or more.
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
