Suppose a calendar-year C corporation, NewCorp., Inc., was formed on January 1, 2019, and all of the shareholders (Hassell, Richie Cunningham, and Arnold's, Inc., a C corporation) filed a Form 2553 to elect S corporation status on April 14, 2019.When is the S election effective?
A) January 1, 2019.
B) April 14, 2019.
C) January 1, 2020.
D) April 14, 2020.
E) Never.
Correct Answer:
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