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 corporation 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. 2021
b. 2020
c. 2019
d. 2016
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Related Book For 
South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
ISBN: 1389
41st Edition
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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