Multiple Choice
Suppose Hassell formed a C corporation, NewCorp., Inc., in 2016 with a calendar tax year and filed a form 2553 to elect S corporation status on April 14, 2016 with the consent of all of NewCorp., Inc.'s, shareholders: Hassell, Richie Cunningham, and Arnold's, Inc. (a C corporation) . When is the S election effective?
A) January 1, 2016.
B) April 14, 2016.
C) January 1, 2017.
D) April 14, 2017.
E) Never.
Correct Answer:
Verified
Correct Answer:
Verified
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