Examlex
When hypnotized individuals are regressed to earlier ages, their brain waves reflect the age that they are re-experiencing.
Flow-through
A business entity that passes income to the owners or investors, avoiding corporate income tax, including S corporations, partnerships, and sole proprietorships.
C Corporation
A corporate legal framework where the entity is distinct for tax purposes from its owners or shareholders.
S Corporation
A type of corporation that meets specific Internal Revenue Code requirements, allowing profits, and some losses, to be passed directly to owners' personal income without being subject to corporate tax rates.
Rental Income
Income received from renting out property or equipment. This income is reportable and taxable.
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