Under the Check-The-Box Regulations, a Multiowner Entity That Makes No

question 98

True/False

Under the check-the-box Regulations, a multiowner entity that makes no election is taxed as a partnership.

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The set of laws that governs how members of a society are to behave, defining rights and responsibilities in civil law as opposed to procedural or administrative law.

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Entitlements granted by the law to individuals, allowing them to perform certain actions or to be protected against certain actions by others.

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Duties enforced by law that require individuals or entities to act in a specified manner, often under penalty for failure to comply.

NFPA

The National Fire Protection Association, an organization that develops and publishes fire safety and prevention standards, including codes for building construction and protection systems.