Which of the following statements is FALSE?

A. Most elections affecting the computation of income derived from a partnership are made by partners.

B. A section 444 election permits a partnership to adopt a fiscal year end so long as the deferral period is no greater than three months & the partnership pays an advance deposit of income being deferred by the partners.

C. Generally, a partnership pays no entity-level income tax.

D. All of the above statements are TRUE!