Village Corp., a calendar-year corporation, began business in 2015. Village made a valid S corporation election on December 5, 2018, with the unanimous consent of its shareholders. The eligibility requirements for S status continued to be met throughout 2019. On what date did Village's S status become effective?

Village Corp., a calendar-year corporation, began business in 2015. Village made a valid S corporation election on December 5, 2018, with the unanimous consent of its shareholders. The eligibility requirements for S status continued to be met throughout 2019. On what date did Village's S status become effective?

Village Corp., a calendar-year corporation, began business in 2015. Village made a valid S corporation election on December 5, 2018, with the unanimous consent of its shareholders. The eligibility requirements for S status continued to be met throughout 2019. On what date did Village's S status become effective?


A. January 1, 2018.

B. January 1, 2019.

C. December 5, 2018.

D. December 5, 2019.


Answer: B. January 1, 2019.


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