Which of the following taxable entities can a corporation elect to be classified as under the "check-the-box" regulations? a. limited liability company b. s corporation c. partnership d. disregard entity e. none of these

Which of the following taxable entities can a corporation elect to be classified as under the "check-the-box" regulations? a. limited liability company b. s corporation c. partnership d. disregard entity e. none of these

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter15: Taxing Business Income

Section: Chapter Questions

Problem 4DQ

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

give correct ans with explanation

Which of the following taxable entities can a corporation elect to be classified as under the
"check-the-box" regulations?
a. limited liability company
b. s corporation
c. partnership
d. disregard entity
e. none of these

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