Jones is a sole proprietorship. He would like to be taxed as a corporation for federal tax
Question:
Jones is a sole proprietorship. He would like to be taxed as a corporation for federal tax purposes. Jones may become a corporation by:
a. Filing a corporate return for this year
b. Timely filing Form 7701 and attaching it to this year’s return
c. Timely filing Form 8832 and attaching it to this year’s return
d. He cannot be taxed as a corporation
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c Timely filing Form 8832 and attaching it to this years return ...View the full answer
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Related Book For 
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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