Western Corporation began operations in 1999. Its fiscal year end is October 31. This date coincides with its natural business year. On June 2, 2013, Western elects S corporation status. All of the corporate shareholders consented to the election. The earliest date the corporation is recognized as an S corporation is

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An S corporation election made after the 15th day of the third month of the fiscal year becomes effective at the beginning of the next fiscal year. Since Western Corporation's fiscal year ends on October 31, the election made on June 2, 2013, would become effective on November 1, 2014.

Western Corporation Began Operations in 1999