In addition to the federal income tax, an entity is subject to the laws of the state
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In addition to the federal income tax, an entity is subject to the laws of the state in which it is organized. Use the Internet to locate sources of tax law that govern the tax treatment of partnerships, LLCs, and S corporations for your state. Write a brief description regarding how each of those entities is treated for tax purposes in your state.
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California Tax Treatment of Partnerships LLCs and S Corporations Partnerships Partnerships are not taxed as separate entities in California Instead th...View the full answer
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Related Book For
Taxation For Decision Makers 2017
ISBN: 9781119330417
2017 Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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