Which of the following business entities, if any, pay income tax at the business entity level? Partnership O S Corporation O C Corporation O None of the above

To qualify as a pass-through entity for U.S. corporate income tax, a REIT must be all of the following EXCEPT a.​structured as a corporation, trust, or association. b.​have transferable shares or certificates of interest. c.​managed by a board of directors or trustees. d.​jointly owned by less than 100 persons.

All of the following persons are classified as employees under the federal income tax withholding law with the exception of a. the president of a corporation b. an officer of the federal government c. an elected official in the state government d. a first - line supervisor e. a partner

In general terms, indicate how the following separate entities are subject to the Federal income tax. a.  C corporations are separate taxable entities, (but not district from/distinct from)  their shareholders. b.  How are partnerships taxed?Income & losses pass-through to the partners/at the partnership level/at the partnership and partner level . c.  S corporations ( never/normally/rarely)  incur Federal income tax liabilities. d.  Fiduciary entities are subject to Federal income tax when income (exceeds expenses/ is distributed to the beneficiaries/ is retained by the entity) .

The accumulated earnings tax, which is imposed on corporations for the accumulation of earnings in excess of reasonable business needs, does not apply to: a. Closely-held corporations. b. Widely-held corporations. c. Corporations subject to the personal holding company tax. d. Both "Widely-held corporations" and "Corporations subject to the personal holding company tax". e. All of these choices are correct.

1. Establishes the tax differences between individuals and corporations in the United States. 2. Explains Form M-1 and what it is used for. 3. Explains Form 1125-A and what it is used for.

What are the advantages to a business combination filing a consolidated tax return? Considering these advantages, why do some members of a business combination file separate tax returns?

Which of the following is a characteristic of a corporation?a. No income taxb. Limited liability of stockholdersc. Mutual agencyd. Both b and c

Which statement is incorrect? a. S corporations are treated as corporations under state law. b. S corporations are treated as partnerships for Federal income tax purposes. c. Distributions of appreciated property are taxable to the S corporation. d. All of these choices are correct.

how do owners’ equity accounts in a corporation differ from those in a sole proprietorship or partnership