If a Corporation Would Like a Subchapter S Election to Be

question 61

Multiple Choice

If a corporation would like a Subchapter S election to be valid for the current year,a Form 2553 must be filed:

• A)Before the 15^th day of the third month of the current fiscal year.
• B)Before the 15^th day of the fourth month of the current fiscal year.
• C)Before the 15^th day of the third month of the current fiscal year or in the prior fiscal year.
• D)In the prior fiscal year.

---

Definitions:

Social Ordering

A concept in sociology that refers to the systematic organization of individuals in a society based on various criteria such as economic status, power, ethnicity, or age.

Complete

Refers to a state where all necessary parts are present or when a process has been finished entirely, leaving nothing omitted.

Reflexive

A property of binary relations where every element is related to itself; often discussed in mathematics and logic.

Transitive

A property in logic and mathematics where if relation A relates to B and B relates to C, then A must relate to C.