On June 30 of the current year, the S election of Great Corporation is terminated, thus creating a six-month S short year and a six-month C short year. Great Corporation is a calendar-year taxpayer. The S short-year return is due
A)September 15.
B)December 15.
C)March 15 of the next year.
D)June 30 of the next year.

Question

Quizplus · Accepted Answer

The S short-year return is due on March 15th of the next year as this is the due date for all S corporation returns, regardless of the length of the tax year. This allows time for the corporation to prepare and submit the necessary tax forms before the regular due date of April 15th for calendar-year taxpayers.

On June 30 of the Current Year, the S Election