Examlex
In addition to regulations, the IRS issues which one of the following that interpret and apply the tax laws to a specific set of facts?
Sole Proprietorship
A business owned and operated by a single individual, with no legal distinction between the owner and the business.
Total Revenue
The complete amount of income generated by a business or entity from its activities, before any expenses are deducted.
Sole Proprietorships
A business owned and operated by one individual, without any legal distinction between the owner and the business.
Unincorporated Business Associations
Groups or partnerships operating a business without forming a legal corporation, thus not enjoying the benefits or protections of corporate status.
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