CPA MCQ CPA Regulation If a corporation's status as an S corporation is revoked or terminated after January 1, 2019, how many years is the corporation required to wait before making a new S election in the absence of IRS consent to an earlier election?

If a corporation's status as an S corporation is revoked or terminated after January 1, 2019, how many years is the corporation required to wait before making a new S election in the absence of IRS consent to an earlier election?

CPA Regulation

If a corporation's status as an S corporation is revoked or terminated after January 1, 2019, how many years is the corporation required to wait before making a new S election in the absence of IRS consent to an earlier election?

A. 1

B .3

C. 5

D. 10

Answer: C. 5

CPA MCQ

If a corporation's status as an S corporation is revoked or terminated after January 1, 2019, how many years is the corporation required to wait before making a new S election in the absence of IRS consent to an earlier election?

If a corporation's status as an S corporation is revoked or terminated after January 1, 2019, how many years is the corporation required to wait before making a new S election in the absence of IRS consent to an earlier election?

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