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redzritter19 redzritter19
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3 years ago
All of the following statements are true except

▸ the net income earned by a sole proprietorship is reported on the owner's individual income tax return.

▸ the net income of an S corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the S corporation to individual shareholders are also taxed.

▸ the net income of C corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the C corporation to individual shareholders is also taxed.

▸ LLCs are generally taxed as partnerships.
Textbook 
Federal Taxation 2017 Individuals

Federal Taxation 2017 Individuals


Edition: 30th
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doctorwhatsitdoctorwhatsit
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3 years ago
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redzritter19 Author
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3 years ago
Correct Slight Smile TY
mcraver1
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Yesterday
Thanks
Liarec
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2 hours ago
this is exactly what I needed
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