The Peter Pan Partnership files an Entity Classification Election Form (Form 8832) on July 1, 2020, electing

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The Peter Pan Partnership files an Entity Classification Election Form (Form 8832) on July 1, 2020, electing to be treated as a corporation for federal tax purposes. What is the latest this election may take effect?

a) January 1, 2021

b) July 1, 2021

c) July 1, 2020

d) January 1, 2022

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Nov 01, 2023 05:52 AM

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The Peter Pan Partnership files an Entity Classification Election Form (Form 8832) on July 1, 2020, electing

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Income Tax Fundamentals 2013

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