Question: If Harry and Kerry ( each a 3 5 - percent shareholder ) file a revocation on April 1 4 , 2 0 2 2

If Harry and Kerry (each a 35-percent shareholder) file a revocation on April 14,2022 to terminate their S corporation's S election, what is the effective date of the S corporation termination (assuming they do not specify one)? The S corporation has a calendar year end.

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