An S Election Made Before Becoming a Corporation Is Valid

question 35

True/False

An S election made before becoming a corporation is valid only beginning with the first 12-month tax year.

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Definitions:

Supraspinatus

A muscle located in the shoulder, responsible for horizontal arm abduction and stabilizing the shoulder joint.

Coracobrachialis

A muscle in the upper arm that acts to flex and adduct the arm at the shoulder joint.

Abduction

Abduction is a movement that draws a limb or part away from the median plane of the body, or the midline of a limb.

Flexor Carpi Ulnaris

A muscle of the forearm that flexes and adducts the wrist, aiding in the movement of the hand.