A Corporation Must Make an S Election for the Current

question 74

True/False

A corporation must make an S election for the current year after March 15 in the case of a calendar-year corporation.

---

Definitions:

Serotonin

A neurotransmitter involved in many functions including mood regulation, appetite, and sleep.

Illicit Drug

A substance whose production, sale, or use is prohibited by law.

Marijuana

Marijuana, also known as cannabis, is a psychoactive drug from the Cannabis plant used for medical or recreational purposes.

Amphetamines

A class of stimulant drugs that affect the central nervous system, commonly used to treat ADHD and narcolepsy, but also prone to abuse.