After reviewing Concept Summary 201 below pick one of the principles of fiduciary taxation and explain it using an example Concept Summary 201 is below Tax Characeristics of Major PassThrough Entities Tax Treatment Subchapter K Subchapter S Subchapter J Partnerships LLCs S Corporations Trusts and estates Taxing structure Pure passthrough only one Chiefly passthrough usually Modified passthrough Level of Federal income tax One level of Federal income tax Federal inco