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S Corporation Questions & Answers - State

There is a limited opportunity to revoke an election only during the first tax year to which an election would otherwise apply. To revoke an election, a letter of revocation signed by shareholders ... To the extent that Federal tax laws impose a corporate level tax on certain S corporation income (for example, pursuant to IRC Sec. 1374 on built ...

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  States, Question, Levels, Answers, Corporation, Election, S corporation questions amp answers, Level tax

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