Effective Election. no prior taxable year. A calendar year small business corpora- tion begins its first taxable year on January 7, 1993. To be an S corporation beginning with its first taxable year, the corporation must make the election set forth in this sec- tion during the period that begins January 7, 1993, and ends before March 22, 1993. Because the corporation had no taxable year imme- diately preceding the taxable year for which the election is to be effective, an election made earlier than January 7, 1993, will not be valid.
Appears in 8 contracts
Samples: Supplemental Contract, Supplemental Contract, Publishing Agreement
Effective Election. no prior taxable year. A calendar year small business corpora- tion begins its first taxable year on January 7, 1993. To be an S corporation beginning with its first taxable year, the corporation must make the election set forth in this sec- tion during the period that begins January 7, 1993, and ends before March 22, 1993. Because the corporation had no taxable year imme- diately preceding the taxable year for which the election is to be effective, an election made earlier than January 7, 1993, will not be valid.corporation
Appears in 1 contract
Samples: Publishing Agreement
