Termination of s Election (2of2) If termination occurs during tax year Portion of year prior to termination is a short s corp year and Portion of year after termination is a short C corp year Inadvertent termination can be undone New s corp election cannot be made for 5 tax years after termination 88 Termination of S Election (2 of 2) If termination occurs during tax year –Portion of year prior to termination is a short S corp year and –Portion of year after termination is a short C corp year Inadvertent termination can be undone New S corp election cannot be made for 5 tax years after termination