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If Annie and Andy (each a 30% shareholder in an S corporation) file a revocation on March 18, 2016 to terminate their S corporation's S election, what is the effective date of the S corporation termination (assuming they do not specify one) ?
Selling Division
A segment or branch of a company responsible for the sale of its products or services, often structured to focus on specific markets or product lines.
Outside Customers
Individuals or entities that purchase goods or services but are not part of the providing organization.
Minimal Acceptable
The least favorable condition or outcome that is still considered sufficient to meet a specific requirement or standard.
Transfer Price
The price at which goods and services are traded between the various divisions of the same company.
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