Your client wishes to revoke its S Corporation election. Using just the IRC and Treasury regulations, determine

Question:

Your client wishes to revoke its S election. Using just the IRC and Treasury regulations, determine what your client needs to do.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...