Which of the following business entities is not required to prepare a tax return?
A) partnership.
B) trust.
C) company.
D) sole trader.

Name: Which of the following business entities is not required to prepare a tax return? A) partnership. B) trust. C) company. D) sole trader.
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Question

Quizplus · Accepted Answer

Sole traders are not considered a separate legal entity from the owner. Therefore, the owner reports all income and expenses on their personal income tax return, and a separate business tax return is not required.

Which of the Following Business Entities Is Not Required to Prepare