If Annie and Andy (each a 30% shareholder) file a revocation on February 10, 2014 to terminate their S corporation's S election, what is the effective date of the S corporation termination (assuming they do not specify one) ?
A) January 1, 2014.
B) February 10, 2014.
C) January 1, 2015.
D) February 10, 2015.
E) None of these.
Correct Answer:
Verified
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