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:

Print Style

The specific format or layout preferences selected for printing a document, including aspects like margins, font, and paper size.

Daily Appointment

A scheduled meeting or plan set for a specific day, usually tracked in calendars or agenda planning tools.

Print Style

The format and settings chosen for printing a document, including layout, paper size, and color options.

Five Weeks

A time period or duration consisting of five consecutive weeks, often used in planning, scheduling, or project timelines.