Once a corporation has elected a taxable year, it can change the taxable year without IRS permission if

A) the resulting short period has a net operating loss of $100,000 that the corporation wants to carry forward.
B) the corporation changed its taxable year seven years ago.
C) the corporation is not an S corporation.
D) a corporation can change its taxable year without IRS permission in all of the above situations.


D) a corporation can change its taxable year without IRS permission in all of the above situations.

Business

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The marketing research proposal serves one main function: it states the problem

Indicate whether the statement is true or false

Business

Accounts payable are accounts that you expect will be paid to you

Indicate whether the statement is true or false

Business

The Consumer Product Safety Commission is empowered to:

A) Conduct research on the safety of consumer products. B) Tell the public which toys they should buy. C) Warn the public that some clothing doesn't fit well. D) Compare the flavor quality of competing sodas.

Business

A transfer of contract rights to another party is:

a. reassignment b. reenlistment c. delegation d. termination e. none of the other choices are correct

Business