AICPA Proposes Revenue Ruling Regarding the Application of ...

As indicated above, in order to obtain a waiver of inadvertent termination, the following four requirements set forth in Code Section 1362(f) must be met: (1) the corporation’s S election must have terminated under Code Section 1362(d)(2) or (3); (2) the Secretary must determine that the termination was inadvertent; (3) no later than a ... ................
................