Business, 02.01.2020 19:31 cheyennerondeau

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

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