Major features of conduits are: a. Pass through their income to owners b. Need not file income
Question:
Major features of conduits are:
a. Pass through their income to owners
b. Need not file income tax returns
c. Need not pay taxes
d. Both (a) and (c) above
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d Both a and c above Conduits are entities that are typically used for the purpose of passing income ...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
Question Posted:
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