_____ is a choice LLCs can make on their tax returns to be taxed as a corporation or a partnership.
A) Check the box taxation
B) Double taxation
C) Pass through taxation
D) Single taxation

Question

Quizplus · Accepted Answer

"Check the box taxation" allows LLCs to choose how they want to be taxed, either as a corporation or using pass-through taxation like a partnership, providing flexibility in tax planning.

_____ Is a Choice LLCs Can Make on Their Tax