Question: YesYesNoYes . All states allowdo not allowallow for single member LLCs . Under the default rules of the Check - the - box Regulations, a

YesYesNoYes
. All states
allowdo not allowallow
for single member LLCs. Under the default rules of the Check-the-box Regulations, a single member LLC is taxed as a
corporationpartnershipsole proprietorshipsole proprietorship
and by filing Form 8832 a single member LLC is taxed as a
corporationpartnershipsole proprietorshipcorporation
.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Pendray Systems Corporation began operations on January 1, 20Y5 as an online retailer of computer software and hardware. The following financial statement data were taken from Pendray's records at...

Q:

Please Help with this Hypothetical 1065 Tax Return.. Form 1065 Due Thursday, November 12 by 5:00 PM CST US Check Figures - Form 1065 Page 1, Line 22 (Ordinary Business Income) - $156,275 Page 5, Line...

Q:

.I SELECTED ! Schedule D:Net Long-Term Capital Gains or Losses only its a team work. I need in 3-4 just just scehdule D I. Title: Preparation of a Corporate Income Tax Return Using IRS Form 1120 II....

Q:

the question for picture one is choosing for yes or not, for picture two is matching the different chat though their definition, for picture three is to do the calculation, for picture four is the...

Q:

I would like assistance to see if I filled out the attached Form 1040 Schedule C correctly. I am attaching Schedule C, Schedule C Instructions, and the instructions with the information to work the...

Q:

Using the U.S. Securities and Exchange Commission?s EDGAR database, select a public company that has consolidated subsidiaries. To minimize the chances of classmates selecting the same company,...

Q:

Indicate the type of debt did Disney offers to the public for sale and discuss the various approaches Disney incorporated to ensure successful marketability of these securities. List the dollar...

Q:

I would like to do my NFP project onUnited States Fund for United Nations Children's Fund Prepare an executive summary paper on the Form 990 to include the following: a. A brief overview of your...

Q:

Need help with the document attached. The company that this paper is about is Nvidia. Project Descriptions SEC 10-K Paper You will be asked to select a company that is publically traded. You must...

Q:

8. The probability of any plant surviving in Kerry's garden is 0.9. Suppose that she plants 20 new plants this year. a. Let X be the number of plants surviving (out of 20 new plants). Find the mean...

Q:

En, Rahman. A Malaysian citizen passed away due to Covid 19 virus on 26 December 2021. En Rahman had appointed an executor to administer his wealth before he passed away. Followings are the...

Q:

Which of the following would be a possible reason that IRS would not consider one spouse liable for the other spouse's income tax? Review Later Spouses lived in different homes all year Spouses filed...

Q:

A)Calculate total income for 2019 B)Calculate taxable income for 2019 C)Calculate tax liability for 2019 .include all tax credits D)Does he owe the givt or will get the refund calculate the amount E)...