A C corporation was formed five years ago and is a fiscal-year taxpayer with a...
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Accounting
A C corporation was formed five years ago and is a fiscal-year taxpayer with a June 30 year-end. The C corporation wants to make an S election for its tax year beginning in the current year. The election must be made by ________ (assuming permission can be obtained to continue using the fiscal year from the IRS).
Select one:
a. June 30 of the current year
b. September 15 of the current year
c. June 30 of the next year
d. September 15 of the next year
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