If an S Corporation Inadvertently Terminates Its Election, the IRS

If an S corporation inadvertently terminates its election, the IRS

A) will permit restoration of the S election only if the event causing the termination was not within the control of the corporation.
B) may permit the corporation to report as an S corporation even for the period that includes the termination date.
C) will not permit the corporation to restore its S election until the completion of a five- year waiting period.
D) will permit restoration of the S election if a majority of the shareholders consent to the reinstatement.