Multiple Choice
If Annie and Andy (each a 30% shareholder in an S corporation) file a revocation on March 18, 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) March 18, 2016.
C) January 1, 2017.
D) March 16, 2017.
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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