On December 31, 2019, LS Corporation revoked its S election. LS Corporation had been an S corporation since its inception in 2017. When may LS Corporation reelect S corporation status without IRS consent?
Reelection Date
A. January 1, 2023
B.January 1, 2024
C. January 1, 2025
D. December 31, 2024
Answer: C. January 1, 2025