Taxes Quizzes-A corporation that can have flow

Answer to Quiz

A corporation that can have flow through taxation to its shareholders is called a(n):

Answer: (d), S corporation
An "S Corporation" is a special type of corporation under the Internal Revenue Code that allows the protection of limited liability and flow-through tax treatment to its shareholders.

Next Quiz:

If you are unmarried, legally separated or divorced, under what tax status should a person file?

(a) Joint taxpayer
(b) Head of household
(c) Non-community property
(d) Single

Word of the Day

Date of Record

The term "date of record" refers to the date on which a stockholder must officially be...

Date of Record

Newsletter