The Internal Revenue Service (IRS)recognizes the separate existence of a proprietorship from its owner.

Name: The Internal Revenue Service (IRS)recognizes the separate existence of a proprietorship from its owner.
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The IRS does not recognize the separate existence of a proprietorship from its owner. In other words, a proprietorship is not a separate legal entity for tax purposes, and the owner is personally responsible for the business's debts and liabilities.

The Internal Revenue Service (IRS)recognizes the Separate Existence of a Proprietorship