After Terminating or Voluntarily Revoking S Corporation Status, a Corporation

question 36

True/False

After terminating or voluntarily revoking S corporation status, a corporation may elect it again, but it generally must wait until the beginning of the third tax year after the tax year in which it terminated the election.

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Definitions:

Affect Theory

A theoretical approach focusing on the study of emotions and their expression as key drivers of human behavior and social interaction.

Queer Theory

A field of critical theory that emerged in the early 1990s, which explores the categorization of gender and sexuality, questioning the normative assumptions about these concepts.

Sexual Power

The capacity or ability of individuals or groups to influence others and outcomes based on sexual attributes, desirability, or stereotypes.

Social Selves

The part of an individual's personality formed through social interactions and the perception of others.