On which tax form do single member LLCs with one individual owner report their income and losses (assume default treatment)?

Multiple Choice

• Form 1120-S

• Form 1065

• Form 1120

• Form 1040, Schedule C

On which tax form do LLCs with more than one owner report their income and losses (assume default treatment)?

Multiple Choice

• Form 1065

• Form 1120-S

• Form 1120

• Form 1040, Schedule C

On which tax form do partnerships report their income and losses?

Multiple Choice

• Form 1120-S

• Form 1120

• Form 1065

• Form 1040, Schedule C

On which tax form do taxable C-Corporations report their income and losses?

Multiple Choice

• Form 1120-C

• Form 1120-S

• Form 1065

• Form 1120

On which tax form do corporate entities electing to be treated as flowthrough entities report their income and losses?

Multiple Choice

• Form 1120-C

• Form 1120-S

• Form 1120

• Form 1065