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a. The check-the-box rules ensure that a foreign entity is treated consistently for U.S. tax purposes and foreign tax purposes. True/ False b. A hybrid
a. The check-the-box rules ensure that a foreign entity is treated consistently for U.S. tax purposes and foreign tax purposes.
True/ False
b.
A hybrid entity is classified as a corporation for U.S. tax purposes, but as a pass-through entity for foreign tax purposes.
True/False
c.
Under 301.7701-5(a), a business entity that is created or organized both in the United States and in a foreign jurisdiction is treated as a foreign entity.
True/false
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