Question

If a shareholder of a S corporation Voluntarily revoke the corporation status and the 6 month...

If a shareholder of a S corporation Voluntarily revoke the corporation status and the 6 month of the text year and the revocation does not specify a prosoective revocation date, the Cooperation is a regular cooperation for the tax year
true or false

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Answer #1

Ans is False

Reason:-

The revocation date is not specified to count as a regular corporation.

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