Pale motel inc was a c corporation using a fiscal year

Reference no: EM13608236

Pale Motel, Inc., was a C corporation using a fiscal year ending April 30 for tax purposes for all tax years through April 30, 2009. In May 2009, the corporation made an S election. What are the implications of the election for Pale's tax year? Explain.

Reference no: EM13608236

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