Question: On which tax form do single member LLCs with one individual owner report their income and losses (assume default treatment)? Multiple Choice Form 1120-S Form

On which tax form do single member LLCs with one individual owner report their income and losses (assume default treatment)?

Multiple Choice

  • Form 1120-S

  • Form 1065

  • Form 1120

  • Form 1040, Schedule C

On which tax form do LLCs with more than one owner report their income and losses (assume default treatment)?

Multiple Choice

  • Form 1065

  • Form 1120-S

  • Form 1120

  • Form 1040, Schedule C

On which tax form do partnerships report their income and losses?

Multiple Choice

  • Form 1120-S

  • Form 1120

  • Form 1065

  • Form 1040, Schedule C

On which tax form do taxable C-Corporations report their income and losses?

Multiple Choice

  • Form 1120-C

  • Form 1120-S

  • Form 1065

  • Form 1120

On which tax form do corporate entities electing to be treated as flowthrough entities report their income and losses?

Multiple Choice

  • Form 1120-C

  • Form 1120-S

  • Form 1120

  • Form 1065

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