Shareholders of Rayle Co, a calendar year corporation whose S status was terminated during 2017, are looking

Question:

Shareholders of Rayle Co, a calendar year whose S status was terminated during 2017, are looking to reapply for the S status as soon as possible. What is the earliest year a new S election can be made, in the absence of IRS consent to an earlier election?
a. 2022
b. 2021
c. 2020
d. 2017
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...