What is the earliest effective date of the s election


Problem

J.D. formed Clampett, Incorporated, as a C corporation (calendar tax year) with J.D., Granny, and Jethro, Incorporated (a C corporation) as shareholders. On January 15, 2021, Jethro, Incorporated, sold all its shares to Jane Hathaway. On February 28, 2021, Clampett, Incorporated, filed an S corporation election, with J.D., Granny, and Jane all consenting to the election. What is the earliest effective date of the S election?

Request for Solution File

Ask an Expert for Answer!!
Supply Chain Management: What is the earliest effective date of the s election
Reference No:- TGS03220865

Expected delivery within 24 Hours