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:

Trait Theorists

Psychologists who aim to understand personality by identifying and measuring the traits that underlie individual behaviors and attitudes.

Cattell

An influential psychologist known for his research on personality, intelligence testing, and the application of factor analysis in psychology.

Allport

Refers to Gordon Allport, an American psychologist known for his theory of personality that emphasized the uniqueness of the individual and the concept of personal dispositions.

Collectivistic

A cultural orientation that emphasizes the needs, goals, and views of the group over those of the individual.