Tau Corp., which has been operating since Year 4, has an October 31 year-end, which coincides with its natural business year. On May 15, Year 9, Tau filed the required form to elect S corporation status. All of Tau’s stockholders consented to the election, and all other requirements were met. The earliest date that Tau can be recognized as an S corporation is A. November 1, Year 8. B. May 15, Year 9. C. November 1, Year 9. D. January 1, Year 10.
Tau Corp., which has been operating since Year 4, has an October 31 year-end, which coincides with its natural business year. On May 15, Year 9, Tau filed the required form to elect S corporation status. All of Tau’s stockholders consented to the election, and all other requirements were met. The earliest date that Tau can be recognized as an S corporation is A. November 1, Year 8. B. May 15, Year 9. C. November 1, Year 9. D. January 1, Year 10.
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Tau Corp., which has been operating since Year 4, has an October 31 year-end, which coincides with its natural business year. On May 15, Year 9, Tau filed the required form to elect S corporation status. All of Tau’s stockholders consented to the election, and all other requirements were met. The earliest date that Tau can be recognized as an S corporation is
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A.
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November 1, Year 8. | |
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B.
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May 15, Year 9. | |
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C.
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November 1, Year 9. | |
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D.
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January 1, Year 10. |
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