Question: true or false 19. A Subchapter S corporation can generally elect any fiscal year for income tax reporting without IRS approval. 20. Most trusts can

true or false true or false 19. A Subchapter S corporation can generally elect any

19. A Subchapter S corporation can generally elect any fiscal year for income tax reporting without IRS approval. 20. Most trusts can elect any fiscal year for income tax reporting without IRS approval

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