If Annie and Andy (Each a 30% Shareholder in a Calendar

Multiple Choice

If Annie and Andy (each a 30% shareholder in a calendar year S corporation) file a revocation statement on February 10, 2018 to terminate their S corporation's S election, what is the effective date of the S corporation termination (assuming they do not specify one) ?

A) January 1, 2018.
B) February 10, 2018.
C) January 1, 2019.
D) February 10, 2019.
E) None of the choices are correct.