Explain why the tax law prefers flowthrough entities like partnerships and S corporation to have a year-end

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Explain why the tax law prefers flowthrough entities like partnerships and S corporation to have a year-end that matches the year-end of its owners.

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Income Tax Fundamentals 2020

ISBN: 9780357108239

38th Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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Question Posted: Aug 24, 2020 09:01 AM

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Explain why the tax law prefers flowthrough entities like partnerships and S corporation to have a year-end

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FLOWTHRUGH ENTITY A flowthrough entity is legal business entity that passes income on the owners andor investers of the businessflowthrough entities a...View the full answer

Income Tax Fundamentals 2020

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