^{WHICH OF THE FOLLOWING IS TRUE ABOUT FORM 2553 ELECTION BY A SMALL BUSINESS CORPORATION}

^{IT CAN BE FILED WITH FORM 1120S}

IT CAN BE SIGNED BY ANY OFFICER AUTHORIZED TO SIGN AN S CORPORATION TAX FORM 1120S

IT SOLELY RRQUIRES THE CONSENT OF THE MAJORITY OF THE SHAREHOLDERS

SINCE HUSBAND AND WIFE ARE TREATED AS ON SHARESHOLDER THE HUSBAND OR WIFE NEED TO SIGN FORM 2553