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:

Higher-Frequency Field Patterns

Concepts in nursing theory referring to complex interactions and energies within caregiving environments that influence health and healing processes.

Prostaglandin

A group of physiologically active lipid compounds having diverse hormone-like effects in animals, such as regulating inflammation, blood flow, and the formation of blood clots.

Terpene

A large class of organic compounds produced primarily by plants and insects, characterized by their multiples of isoprene units.

Triglyceride

A type of fat found in blood, made of three fatty acids attached to a glycerol backbone, stored in adipose tissue.