In the year of formation, a corporation: a. May elect a tax period other than those of

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In the year of formation, a corporation:

a. May elect a tax period other than those of its major shareholders

b. Must elect the same tax period as its major shareholders

c. Must use the cash basis for its accounting method

d. None of the above

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CCH Federal Taxation 2019 Comprehensive Topics

ISBN: 9780808049081

2019 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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