Question: Top Corp., which has been operating since 2 0 0 1 , has an October 3 1 year end, which coincides with its natural business

Top Corp., which has been operating since 2001, has an October 31 year end, which coincides with its natural business year. On May 15,2024, Top filed the required form to elect S corporation status. All of Tops shareholders consented to the election, and all other requirements were met. The earliest date that Top can be recognized as an S corporation is
November 1,2024.
November 1,2025.
November 1,2023.
May 15,2024.

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