The Choice of a Flow-Through Entity for a Closely Held

question 38

Short Answer

The choice of a flow-through entity for a closely held corporation often is between a(n) (a Federal tax entity) and a(n) (a state tax entity).

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Definitions:

Ventrolateral Surface

Refers to the surface of an anatomical structure that is both toward the belly and the side.

Biceps Brachii

A large muscle in the upper arm responsible for flexion of the elbow and supination of the forearm.

Adduct

To adduct means to move a limb or part of the body toward the midline of the body or toward another part.

Gracilis

A slender muscle of the inner thigh that is involved in the adduction and rotation of the leg.