Lopez Corporation, an existing C corporation, wants to make an S election. If it has a June 30 year end, by what date must it make its election to be effective as of July 1, 2018?
A) March 15, 2018
B) June 30, 2018
C) September 15, 2018
D) December 30, 2018

Question

Quizplus · Accepted Answer

It must be made by the 15^th day of the third month of the year it is to be effective.

Lopez Corporation, an Existing C Corporation, Wants to Make an S