If Annie and Andy (Each a 30% Shareholder) File a Revocation

question 82

Multiple Choice

If Annie and Andy (each a 30% shareholder) file a revocation on March 18, 2014 to terminate their S corporation's S election, what is the effective date of the S corporation termination (assuming they do not specify one) ?

• A) January 1, 2014.
• B) March 16, 2014.
• C) January 1, 2015.
• D) March 16, 2015.
• E) None of these.

---

Definitions:

Intimacy And Commitment

Key components of love relationships, where intimacy involves feelings of closeness and attachment, and commitment refers to the decision to maintain that relationship over time.

Triangular Theory

A psychological theory that describes love in terms of three components: intimacy, passion, and commitment, as proposed by psychologist Robert Sternberg.

Infatuated Love

A state of intense, often short-lived romantic attraction focused more on physical attraction and obsession than deep emotional connection.

Sexual Attraction

The feeling of physical or emotional attraction towards another person, often leading to sexual interest or desire.