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, 2020?
A)March 15, 2020
B)June 30, 2020
C)September 15, 2020
D)December 30, 2020

Question

Quizplus · Accepted Answer

An S election for a calendar year must be made by March 15th of the year for which the election is to be effective.

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