For federal tax purposes, certain business entities formed after 1996 are automatically classified as corporations. Other business

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For federal tax purposes, certain business entities formed after 1996 are automatically classified as corporations. Other business entities with at least two members can choose to be classified as either an association taxable as a corporation or a partnership. A business entity with a single member can choose either to be classified as an association taxable as a corporation or to be disregarded as an entity separate from its owner. A. True. B. False

Posted Date: May 19, 2024 04:11 PM

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For federal tax purposes, certain business entities formed after 1996 are automatically classified as corporations. Other business

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