8- Suppose Molly formed a C corporation, Maple Corp. in 2019 with a calendar...
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Accounting
8-
Suppose Molly formed a C corporation, Maple Corp. in 2019 with a calendar tax year and made an S election on March 10, 2019 with the consent of Maple Corp.s shareholders: Molly, Wendy, and Jesse (all unrelated individuals). When is the S election effective?
Multiple Choice
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Never.
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January 1, 2020
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March 10, 2020
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March 10, 2019
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January 1, 2019
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