Which Statement Is Incorrect with Respect to an S Shareholder's

question 44

Multiple Choice

Which statement is incorrect with respect to an S shareholder's consent?

• A)A consent extension is available only if Form 2553 is filed on a timely basis, reasonable cause is given, and the interests of the government are not jeopardized.
• B)Both husband and wife must consent if one owns the stock as community property.
• C)An S election requires a consent from all of the S corporation's shareholders.
• D)A consent must be in writing.
• E)None of the above statements is incorrect.

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Definitions:

Skinner

B.F. Skinner, a prominent psychologist known for his work in behaviorism and development of the theory of operant conditioning.

Pavlov

A Russian physiologist best known for his discovery of classical conditioning, where an unconditioned stimulus is paired with a conditioned stimulus to produce a conditioned response.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any prior learning.

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