​Which Statement Is Incorrect with Respect to Filing for an S

question 24

Multiple Choice

​Which statement is incorrect with respect to filing for an S election?

• A)​Form 2553 must be filed.
• B)​All shareholders must consent.
• C)​The election may not be filed in the previous year.
• D)​An extension of time is available for filing Form 2553
• E)​None of the above is incorrect

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Definitions:

Social Anxiety Disorder

A mental health condition characterized by intense fear and avoidance of social situations due to excessive self-consciousness and concern about being judged or embarrassed.

Mood Disorders

Mental health conditions marked by significant changes in a person's emotional state, including conditions like depression and bipolar disorder.

Lifetime Prevalence

The proportion of individuals in a population that at some point in their life (up to the time of assessment) have experienced a particular event or condition.

Cognitive-behavioral Therapy

A method in psychotherapy aimed at correcting maladaptive emotions, behaviors, and beliefs through a structured, objective-focused procedure.