On February 10, Year 1, Ace Corp., a calendar-year corporation, elected S corporation status and all shareholders consented to the election. There was no change in shareholders in Year 1. Ace met all eligibility requirements for S status during the pre-election portion of the year. 

What is the earliest date on which Ace can be recognized as an S corporation?

Answer rating: 100% (QA)

If Ace Corp met all eligibility requirements for S status during the preelection portion of the ... View the full answer