Solved

After Terminating or Voluntarily Revoking S Corporation Status, a Corporation

Question 27

True/False

After terminating or voluntarily revoking S corporation status, a corporation may elect it again, but it generally must wait until the beginning of the third tax year after the tax year in which it terminated the election.
The corporation must wait until the beginning of the fifth year to elect S corporation status again.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions