The or false answers

Tax Drill - Entities Treated as Corporations Indicate whether the following statements are "True" or "False" regarding entities that are treated as corporations for Federal income purposes. a. An unincorporated entity with only one owner is, by default, classified as a disregarded entity (or DRE). b. An organization not qualifying as a corporation under state law can not be treated as such for Federal income tax purposes. c. The Check-the-Box Regulations allow an entity with more than one owner to elect to be classified as either a partnership or a corporation. d. The election under the Check-the-Box Regulations is not available to entities that are actually incorporated under state law or to entities that are required to be corporations under Federal law (e.g., certain publicly traded partnerships)