A C Corporation Was Formed Five Years Ago and Is

question 80

Multiple Choice

A C corporation was formed five years ago and is a fiscal-year taxpayer with a June 30 year-end. The C corporation wants to make an S election for its tax year beginning in the current year. The election must be made by ________ (assuming permission can be obtained to continue using the fiscal year from the IRS) .

• A)June 30 of the current year
• B)September 15 of the current year
• C)June 30 of the next year
• D)September 15 of the next year

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