Identify Which of the Following Statements Is False

question 26

Multiple Choice

Identify which of the following statements is false.

• A) Once an election is made to change its classification, an entity cannot change again for 60 months.
• B) A business need not be incorporated under state or federal law to be taxed as a corporation.
• C) The check- the- box regulations permit an LLC to be taxed as a C corporation.
• D) Under the check- the- box regulations, an LLC that has only two members (owners) must be taxed as a partnership.

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Definitions:

West Indian Immigrants

Individuals who have moved from the Caribbean region, also known as the West Indies, to another country, often bringing with them unique cultural traditions.

Titular Ethnic Group

The ethnic group after which a certain area or country is named, often holding a significant cultural or political status within that region.

Former Soviet Union

The group of countries that were united under the communist government of the Soviet Union, which existed from 1922 to 1991.

Ethnic Group

A community or population made up of people who share a common cultural background or descent, including language, history, society, culture, or nation.