This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements regarding voluntary revocation of the S election isincorrect? (Read 137 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Sep 13, 2020
Which of the following statements regarding voluntary revocation of the S election is incorrect?
◦ In order for the revocation to be effective retroactively to the first day of the tax year, the revocation must be filed by March 15 of the affected year.
◦ All of the shareholders must consent to the revocation.
◦ The corporation cannot reelect S corporation status for five years.
◦ The revocation can provide a specified effective date to occur mid-year, requiring two tax returns to be filed for the year.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by xclash on Sep 13, 2020

meganmoser117

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


xclash

  • Member
  • Posts: 681
Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Which of the following statements is true of linkage? Which of the following statements is true of linkage?
The Wild Election of 1800 The Wild Election of 1800
The Election of 1912: Divided Republicans, Democratic Victory The Election of 1912: Divided Republicans, Democratic Victory
The Election of 1960 The Election of 1960
Informed Voluntary Consent Informed Voluntary Consent
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
Video: Nucleic acid digestion -small intestine

For a complete list of videos, visit our video library