On March 15, 2019, J.D.sold his Clampett, Inc.(an S corporation) shares to Ellie Mae, Inc.(a C corporation) , terminating Clampett, Inc.'s S election on March 15, 2019.Absent permission from the IRS, what is the earliest date Clampett, Inc., may again elect to be taxed as an S corporation?
A) January 1, 2025.
B) January 1, 2024.
C) January 1, 2023.
D) January 1, 2022.
E) January 1, 2020.
Correct Answer:
Verified
Q61: Which of the following is not a
Q62: Which of the following is not an
Q62: Assume Joe Harry sells his 25 percent
Q63: Suppose that at the beginning of 2019
Q64: Suppose Clampett, Inc., terminated its S election
Q69: Suppose that at the beginning of 2019
Q70: Clampett, Inc., has been an S corporation
Q71: Clampett, Inc.(an S corporation)previously operated as a
Q72: The IRS may consent to an early
Q72: Suppose Clampett, Inc., terminated its S election
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents