What Tax Year-End Must an Unincorporated Entity with Only One

question 28

Multiple Choice

What tax year-end must an unincorporated entity with only one owner adopt?

• A) The entity may adopt any year-end except for a calendar year-end.
• B) The entity must adopt a calendar year-end.
• C) The entity must adopt the same year-end as its owner.
• D) The entity is free to adopt any tax year-end.

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Definitions:

Touch

The sense that allows perception of pressure, temperature, and texture, often used in technology for interactive interfaces.

Nonverbal Message

Communication conveyed through body language, facial expressions, and other physical gestures, rather than words.

Beliefs

Deeply held convictions or acceptances that something is true or exists.

Meeting

A gathering of two or more people arranged for the purpose of discussing and acting upon business or other mutual concerns.