This tax was repealed under the Tax Cuts and Jobs Act of 2017. The advantage of this filing is that a loss generated by one corporation can offset the taxable income by other members. AMT Consolidated Tax Return This entity is taxed first, then shareholders may be taxed on distributions, resulting in double taxation. LLC This entity is used for professional services. [Choose ] General partners are not liable for malpractice of other partners but are personally liable for other debts of the entity. If you are in this court, you already paid the tax deficiency. [Choose ] This is where a taxpayer may dispute a [Choose ] deficiency of $50,000 or less and may request an informal hearing. The section of the IRS code governing partnerships. [Choose] US citizens who reside and work on an [Choose ] extended basis in a foreign country. This is the result of an agent concluding that payment is unreasonable in light of the facts and circumstances. [Choose] [Choose] US Tax Court Constructive Dividend LLP Stock Option Cafeteria Plan Free Transferability AMT Small Tax Case Division LLC US District Court or US Court of Federal Claims Bargain Element Expatriates Consolidated Tax Return Subchapter K C Corporation