The "check-the-box" Regulations enable certain entities which have corporate characteristics to be taxed as S corporations.

Name: The "check-the-box" Regulations enable certain entities which have corporate characteristics to be taxed as S corporations.
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Question

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The "check-the-box" Regulations allow certain entities to choose their tax classification, but S corporation status is determined by specific eligibility requirements, not just by election.

The "Check-The-Box" Regulations Enable Certain Entities Which Have Corporate Characteristics