If Annie and Andy (each a 30% shareholder in an S corporation) file a revocation on February 10, 2016 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, 2016.
B) February 10, 2016.
C) January 1, 2017.
D)February 10, 2017.
E)None of these

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The Answer of If Annie and Andy (each a 30% shareholder in an S corporation) file a revocation on February 10, 2016 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, 2016.
B) February 10, 2016.
C) January 1, 2017.
D)February 10, 2017.
E)None of these

If Annie and Andy (Each a 30% Shareholder in an S