Identify Which of the Following Statements Is False

question 82

Multiple Choice

Identify which of the following statements is false.

• A)A C corporation short-year income tax liability must be determined on an annualized basis.
• B)If the termination of an S election is considered to be inadvertent, then the election is permitted to continue in place as if the termination had never occurred.
• C)If an S election is terminated and the termination is not considered to be inadvertent, a ten-tax-year waiting period is required before making a new election.
• D)A corporation can obtain relief for a late S election if the IRS consents.

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Definitions:

Upper Paleolithic

The final phase of the Paleolithic period, characterized by the emergence of high-quality stone tools, art, and early forms of human cultural behavior.

Human Fossil Record

The collection of all known fossils of ancient humans and their immediate ancestors, providing insight into the evolution of Homo sapiens.

Ground Dwellers

Organisms that live and spend most of their life on the ground as opposed to in trees or water.

Strepsirhines

The subdivision within the primate order based on shared genetic characteristics; includes lemurs and lorises.