Question: Which statement is incorrect with respect to filing an S election? a. Form 2553 must be filed. b. An extension of time may be available

Which statement is incorrect with respect to filing an S election?

a. Form 2553 must be filed.

b. An extension of time may be available for obtaining the consent of the shareholders if Form 2553 is filed and other requirements are met

c. The election may not be filed in the previous year.

d. All shareholders must consent.

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