How Does a Partnership Make a Tax Election for the Current

question 42

Multiple Choice

How does a partnership make a tax election for the current year?

• A)Partnerships make certain elections automatically by simply filing their returns.
• B)Partnerships make certain tax elections by filing a separate form with the IRS.
• C)Partnerships do not need to file anything to make a tax election.
• D)Partnerships do not make tax elections. Partners must make tax elections separately.
• E)Both partnerships make certain elections automatically by simply filing their returns and partnerships make certain tax elections by filing a separate form with the IRS.

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Definitions:

Medical Ethics

A set of moral principles, beliefs, and values that guide the practice and conduct within the medical profession.

Ambulatory Care

Health services provided to patients who do not require hospitalization and can walk (ambulate), including doctor's visits, outpatient procedures, and clinics.

Outpatient Care

Medical treatment provided to patients who do not require overnight hospitalization.

Family Practitioners

Medical doctors who provide comprehensive healthcare for the individual and family across all ages, sexes, diseases, and parts of the body.