McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 31

Juanita is the sole shareholder of Belize Corporation (a calendar-year S corporation).She is considering revoking the S election.It is February 1, year 1.What options does Juanita have for timing the effective date of the S election revocation?