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:

Childbearing Age

The period in a person's life, typically ranging from late teens to late 40s, when they are physically capable of conceiving and bearing children.

Tonic Neck Reflex

A primitive reflex found in newborns where turning the head to one side results in the arm on that side stretching out and the opposite arm bending.

Moro Reflex

A startle reflex in newborns, where they react to a feeling of falling by spreading their arms, then unspreading them and crying.