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XYZ was formed as a calendar-year S corporation with Xavier, Yolinda, and Zach as equal shareholders. On September 15, 2020, XYZ's S election was terminated after Zach sold his XYZ shares (one-third of all shares)to his solely owned C corporation, Zach, Incorporated Absent permission from the IRS, what is the earliest date XYZ may again elect to be taxed as an S corporation?
Bribery
The act of giving, offering, receiving, or soliciting something of value to influence the actions of an official or other person in charge of a public or legal duty.
Harrison's Victory
A reference to the Battle of Tippecanoe in 1811, where General William Henry Harrison defeated the Native American forces.
Anti-Lynching
A movement and series of legislative efforts aimed at ending the practice of lynching, a form of violence and intimidation, particularly used against African Americans in the United States.
Ida B. Wells
An African American journalist, abolitionist, and feminist who led an anti-lynching crusade in the United States during the late 19th century.
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