If Annie and Andy (Each a 30% Shareholder in an S

Multiple Choice

If Annie and Andy (each a 30% shareholder in an S corporation) file a revocation on February 10, 2016 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, 2016.
B) February 10, 2016.
C) January 1, 2017.
D) February 10, 2017.
E) None of these