A C corporation is required to annualize certain tax factors:
A)The first year the corporation is in existence, if the first tax return includes less than 12 months.
B)The last year the corporation is in existence.
C)The year the corporation changes its tax year.
D)When there has been a greater than 50% change in the ownership of the stock.
E)All of these.

Question

Quizplus · Accepted Answer

A C corporation is required to annualize certain tax factors in the year the corporation changes its tax year. The other options may also require annualization for certain tax factors, but they are not required in every case.

A C Corporation Is Required to Annualize Certain Tax Factors