Question: Mutiple Choice Question: If an S corp., a calendar year taxpayer, has 35 individual shareholders and one of those shareholders sells his shares to a

Mutiple Choice Question: If an S corp., a calendar year taxpayer, has 35 individual shareholders and one of those shareholders sells his shares to a corporation on June 15, 20X7, the S corporations tax year ends: a. June 15, 20X7; b. June 14, 20X7; c. December 31, 20X7; d. None of the above

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