On Which Tax Form Does a Single Member LLC with One

question 18

Multiple Choice

On which tax form does a single member LLC with one individual owner report its income and losses?

• A) Form 1065.
• B) Form 1120.
• C) Form 1040, Schedule C.
• D) Form 1120S.

---

Definitions:

Exhibitors

Refers to businesses or individuals that present artistic or educational materials, such as films or artworks, to the public.

House Un-American Activities Committee

A committee of the U.S. House of Representatives, established in 1938, that conducted investigations into alleged disloyalty and subversive activities on the part of private citizens, public employees, and those organizations suspected of having Communist ties.

Paramount Decision

A 1948 United States Supreme Court decision that effectively broke up the studio trusts by forcing divestiture, the sale of the studios’ movie theaters.

Vertical Integration

A business practice where a company controls multiple stages of production, distribution, or both within the same industry, often to increase that company’s power in the marketplace.