Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on march 15, 2023, abed sold his tigre, inc. (an s

On March 15, 2023, Abed sold his Tigre, Inc. (an S corporation) shares to Waze,...

60.1K

Verified Solution

Question

Accounting

On March 15, 2023, Abed sold his Tigre, Inc. (an S corporation) shares to Waze, Inc. (a C corporation), terminating Tigre's S election on March 15, 2023. Absent permission from the IRS, what is the earliest date Tigre, Inc. may again elect to be taxed as an S corporation? *** Select one: O A. OB. O C. O D. January 1, 2023 January 1, 2028 January 1, 2027 January 1, 2026
image
On March 15, 2023, Abed sold his Tigre, Inc. (an S corporation) shares to Waze, Inc. (a C corporation), terminating Tigre's S election on March 15, 2023. Absent permission from the IRS, what is the earliest date Tigre, Inc. may again elect to be taxed as an S corporation? Select one: A. January 1,2023 B. January 1,2028 C. January 1,2027 D. January 1,2026

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students