Solution-On what date did Village S status become effective

On what date did Village S status become effective

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Problem - Village Corp., a calendar year corporation, began business in year 1. Village made a valid S corporation election on December 5, year 4, with the unanimous consent of its shareholders. The eligibility requirements for S status continued to be met throughout year 5. On what date did Village's S status become effective?

a. January 1, year 4

b. January 1, year 5

c. December 5, year 4

d. December 5, year 5

Reference no: EM132648626

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On what date did Village S status become effective

Reference no: EM132648626

Reference no: EM132648626

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