Caleb Samford calls you and says that his two-person S corporation was involuntarily terminated in February 2012.

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Caleb Samford calls you and says that his two-person S corporation was involuntarily terminated in February 2012. He asks you if they can make a new S election now, in November 2013. Draft a memo for the 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 2014 Comprehensive Volume

ISBN: 9781285180922

37th Edition

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

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