If Harry and Kerry (each a 35-percent shareholder) file a revocation on April 14, 2018 to terminate their S corporation’s S election, what is the effective date of the S corporation termination (assuming they do not specify one)? The S corporation has a calendar year end.
Multiple Choice
a)January 1, 2018.
b)April 14, 2018.
c)January 1, 2019.
d)April 14, 2019.
Answers: 3
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If Harry and Kerry (each a 35-percent shareholder) file a revocation on April 14, 2018 to terminate...
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