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 156 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
Excellent

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

The Election of 1912: Divided Republicans, Democratic Victory The Election of 1912: Divided Republicans, Democratic Victory
Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
Colorized election micrograph of a polyribosome. Colorized election micrograph of a polyribosome.
Examples of Mission Statements Examples of Mission Statements
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
How to convert verbal statements into algebraic equations (Part 2) How to convert verbal statements into algebraic equations (Part 2)
Video: Phases of mitosis

For a complete list of videos, visit our video library