A New Corporation Is Formed on January 2,2017

question 18

Multiple Choice

A new corporation is formed on January 2,2017.In order to have the S election effective as of the first day of the first tax year,the Form 2553 must be filed no later than

• A)the original due date for the 2017 tax return.
• B)the properly extended due date for the 2017 tax return.
• C)January 2,2017.
• D)March 15,2017.

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Definitions:

Gallstones

Hardened deposits that can form in the gallbladder, often causing pain and blockage.

Cardiovascular Response

The adjustment or reaction of the heart and blood vessels to various stimuli or stress.

Workload

The amount of work assigned to or expected from a person or group within a given time frame.

Stress Test

A medical test that assesses how a person's heart functions during physical activity or under pharmacological stimulation.