Shea is a 100 percent owner of Mets Corporation (an S corporation).Mets is a calendar-year taxpayer.On February 16, 2019, Mets filed an election to terminate its S election.Assuming Mets does not specify an effective date for the termination, what is the effective date of the termination?

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The Answer of Shea is a 100 percent owner of Mets Corporation (an S corporation).Mets is a calendar-year taxpayer.On February 16, 2019, Mets filed an election to terminate its S election.Assuming Mets does not specify an effective date for the termination, what is the effective date of the termination?

Shea Is a 100 Percent Owner of Mets Corporation (An