Question: Which statement is incorrect with respect to filing for an Selection? a) The election must be filed by the 15th day of the third month

Which statement is incorrect with respect to filing for an Selection? a) The election must be filed by the 15th day of the third month of the current year to be effective this year. b) All shareholders must consent. c) The election may not be filed in the previous year. d) The election does not have to be made in the Corporation's initial tax year

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