What Tax Year-End Must an Unincorporated Entity with Only One

question 67

Multiple Choice

What tax year-end must an unincorporated entity with only one owner adopt?

• A)The entity is free to adopt any tax year-end.
• B)The entity must adopt the same year-end as its owner.
• C)The entity must adopt a calendar year-end.
• D)The entity may adopt any year-end except for a calendar year-end.

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Definitions:

Dopamine Levels

A measure of the concentration of dopamine, a neurotransmitter involved in motivation, pleasure, and motor function, within the brain.

Psychoactive Drugs

Substances that, when taken into the body, alter mental processes such as cognition or mood.

Consciousness

The state of being awake and aware of one's surroundings, thoughts, and experiences.

Perception

The method through which people structure and understand their sensory observations to make sense of their surroundings.