On June 30 of the current year, the S election of Great Corporation is terminated, thus creating a six- month S short year and a six- month C short year. Great Corporation is a calendar- year taxpayer. The S short- year return is due

Question

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The S short-year return is due on March 15 of the next year, which is the normal due date for calendar-year S corporations. The C short-year return will be due on the 15th day of the fourth month following the end of the short year, or October 15 for a calendar-year taxpayer.

On June 30 of the Current Year, the S Election