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Distinguish between taxpaying entities and flow-through entities from the standpoint of the federal income tax law. entities, such as are required to pay income taxes

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Distinguish between taxpaying entities and flow-through entities from the standpoint of the federal income tax law. entities, such as are required to pay income taxes on their taxable income. entities, such as generally do not directly pay income taxes on their taxable income but merely pass the income on to a entity

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