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21.Donations to private charities are not tax deductible. True False 22.Partnerships, Sole Proprietorships, and S-Corporations are all types of pass-thru entities. True False 23.An advantage
21.Donations to private charities are not tax deductible.
True
False
22.Partnerships, Sole Proprietorships, and S-Corporations are all types of pass-thru entities.
True
False
23.An advantage of a C Corporation is that owners are not personally liable for corporate debt.
True
False
24.A disadvantage of an S Corporation is that owners are personally liable for corporate debt.
True
False
25.If the beneficiary of a QDRO is a spouse, he/she is allowed to roll over the QDRO into an IRA with no distribution penalty.
True
False
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