Suppose Hassell Formed a C Corporation, NewCorp

question 70

Multiple Choice

Suppose Hassell formed a C corporation, NewCorp., Inc., in 2016 with a calendar tax year and filed a form 2553 to elect S corporation status on April 14, 2016 with the consent of all of NewCorp., Inc.'s, shareholders: Hassell, Richie Cunningham, and Arnold's, Inc. (a C corporation) . When is the S election effective?

• A) January 1, 2016.
• B) April 14, 2016.
• C) January 1, 2017.
• D)April 14, 2017.
• E)Never.

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Definitions:

Past Participle

A grammatical form of a verb used to indicate a past or completed action or condition, often ending in -ed or -en in English.

Rare Plant Species

Plant species that are uncommon or scarce in their natural habitat, often due to environmental changes or human activities.

Human Needs

Fundamental requirements necessary for individuals to sustain a healthy and adequate life, including physiological, safety, love/belonging, esteem, and self-actualization needs.

Correct Helping Verb

A verb that helps another verb to express tense, mood, or voice, and must agree in number and person with the main verb.