1.

Under the regulations, an eligible entity can make an election on Form 8832 to be classified as a pass-through entity (i.e., a partnership) for U.S. income tax purposes.

Group of answer choices

True/Fasle

2.

Most of the foreign entities found in 301.7701-2(b)(8)(i) are classified as corporations.

Group of answer choices

True/False

3.

A domestic per se corporation is not eligible to elect to be classified as an S corporation.

Group of answer choices

True/False

4.

If no election is made by an eligible entity, then the default classification of a domestic entity depends on whether the owners/members have limited liability.

Group of answer choices

True/False