CORRECT. Question 2. Which of the following information is not relevant to determining the taxable year for which the S election is first effective?

Whether LittleCorp has a fiscal or calendar taxable year.

Whether LittleCorp has income or loss for 1995.

Whether any person is a shareholder during the taxable year before March 12, 1995, but not on March 12, 1995.

Whether LittleCorp revoked an S election after January 1, 1991.