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Ownership Interest
Ownership interest refers to the rights and claims an individual or entity has on a property or business, often represented in terms of shares or equity.
Fiscal-Year End
The completion of a one-year, or 12-month, accounting period used by governments and businesses for financial reporting and budgeting.
Automatic Extension
An extension of time granted by the IRS for filing tax returns without needing to file a request form.
C Corporation
A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.
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