If a business entity has a majority of corporate characteristics,then it is taxed as a corporation.

Name: If a business entity has a majority of corporate characteristics,then it is taxed as a corporation.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

This was the case prior to the issuance of the "check-the-box" Regulations.These Regulations enable certain entities to elect to be classified as partnerships for Federal income tax purposes even though they have corporate characteristics.

If a Business Entity Has a Majority of Corporate Characteristics,then