Title: Identify which of the following statements is true. Post by: Mandarini on Feb 14, 2017 Identify which of the following statements is true.
A) Under the check-the-box rules, an LLC with more than one member is taxed as a corporation unless it elects to be taxed as a partnership. B) The partnership's tax year closes with respect to a partner whose interest is transferred by gift. C) An LLC has been taxed as a partnership for five years. Under the check-the-box rules, the LLC makes a timely election in 2009 to be taxed as a C corporation. The election of C corporation status is permitted and results in the LLC's assets being transferred from a partnership to a C corporation under the federal income tax rules. D) All of the above are false. Title: Re: Identify which of the following statements is true. Post by: Rimoun on Feb 14, 2017 Content hidden
Title: Re: Identify which of the following statements is true. Post by: Mandarini on Jul 15, 2017 finished my 2 tests in under 30 min thanks to you
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