MC$\mathrm{.}01-064$

MC$\mathrm{.}02-034$

MC$\mathrm{.}02-039$

MC$\mathrm{.}02-046$

MC$\mathrm{.}03-042$

MC$\mathrm{.}03-048$

MC$\mathrm{.}03-056$

MC$\mathrm{.}03-068$

MC$\mathrm{.}04-054$

MC$\mathrm{.}04-065$

MC$\mathrm{.}04-090$

MC$\mathrm{.}05-042$

MC$\mathrm{.}05-049$

MC$\mathrm{.}05-058$

MC$\mathrm{.}05-075$

MC$\mathrm{.}07-036$

MC$\mathrm{.}07-038$

MC$\mathrm{.}14-019$

MC$\mathrm{.}14-020$

MC$\mathrm{.}14-026$

MC$\mathrm{.}14-032$

MC$\mathrm{.}14-035$

MC$\mathrm{.}14-039$

MC$\mathrm{.}10-063$

MC$\mathrm{.}10-069$

MC$\mathrm{.}10-079$

MC$\mathrm{.}11-052$

MC$\mathrm{.}12-044$

MC$\mathrm{.}12-046$

MC$\mathrm{.}12-055$

MC$\mathrm{.}16-076$

MC$\mathrm{.}16-077$

MC$\mathrm{.}16-079$

MC$\mathrm{.}16-114$

MC$\mathrm{.}16-121$

MC$\mathrm{.}17-049$

MC$\mathrm{.}17-053$

MC$\mathrm{.}17-060$

MC$\mathrm{.}17-080$

Feedback

Progress:$6/44$ items

Question Content Area

Which of the following statements is incorrect about LLCs and the Check$-$the$-$box Regulations?

a$.$ If an LLC with one owner does not make an election, the entity is taxed as a sole proprietorship.

b$.$ If an LLC with more than one owner does not make an election, the entity is taxed as a corporation.

c$.$ An entity with more than one owner and formed as a corporation cannot elect to be taxed as a partnership.

d$.$ An LLC with one owner can elect to be taxed as a corporation.