Which Statement Is Incorrect with Respect to Filing for an S

question 139

Multiple Choice

Which statement is incorrect with respect to filing for 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 are incorrect.

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Definitions:

Transactional Analysis

A psychotherapeutic approach that analyses social transactions and interactions to understand and improve communication patterns and relationships.

Games

Structured forms of play or competitive activities, often governed by rules and undertaken for enjoyment, skill development, or educational purposes.

Life Position

An individual's core beliefs about themselves and others, often summarized as a position in transactional analysis, such as "I’m okay, you’re okay."

Transactional Analysis

A psychotherapeutic approach that examines interactions and transactions among people to understand and improve communication and relationships.