If a Corporation's Status as an S Corporation Is Involuntarily

question 35

True/False

If a corporation's status as an S corporation is involuntarily terminated in the middle of the tax year, the corporation must file an S corporation tax return for the first half of the tax year and a regular corporation tax return for the second half of the tax year.

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Definitions:

Legalization

The process of making an act, substance, or behavior legally permissible under the law.

Regulate Industry

The act of governing or controlling industries through laws, rules, and regulations to ensure safety, quality, and fairness.

Traditional Stalking

Engaging in a pattern of unwanted, continuous surveillance and contact by one individual towards another, in a manner perceived as intrusive and threatening.

Cyberstalking

The use of the internet or other electronic means to stalk or harass an individual, group, or organization, often involving threats or intimidating behavior.