Question
The guidance in Rev-Proc.2002-69: a. Is limited to residents of non-community property states b. Permits qualified entities to be treated as either partnership or sole
The guidance in Rev-Proc.2002-69:
a. Is limited to residents of non-community property states
b. Permits qualified entities to be treated as either partnership or sole proprietorship for federal tax purposes
c. does not apply to single member LLCs (SMLLCs)
D Applies for federal income tax purposes but not self-employment (SE) tax purposes
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
8th Edition
0030182689, 978-0030182686
