Caleb Samford calls you and says that his two-person S corporation was involuntarily terminated in February 2018.

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Caleb Samford calls you and says that his two-person S corporation was involuntarily terminated in February 2018. He asks you if they can make a new S election now, in November 2019. Draft a memo for your firm’s tax research file, outlining what you told Caleb.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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