Which Statement Is Incorrect with Respect to Filing an S

question 28

Multiple Choice

Which statement is incorrect with respect to filing an S election?

• A)Form 2553 must be filed.
• B)All shareholders must consent.
• C)The election may be filed in the previous year.
• D)An extension of time is available for filing Form 2553.
• E)None of the above statements is incorrect.

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Definitions:

Professional Paralegal Behavior

Ethical and professional conduct expected from paralegals, including confidentiality, diligence, and competence.

Objectivity

The principle of being unbiased, unprejudiced, and impartial, especially in analysis, reporting, or decision-making.

Courtesy

Politeness, respect, and consideration shown by individuals in conducting their social or business interactions.

Paralegal Advanced Competency Exam

A certification examination for paralegals which demonstrates advanced knowledge and expertise in legal fields and practices.