On Which Form Is Income from a Single-Member LLC with One

question 49

Multiple Choice

On which form is income from a single-member LLC with one corporate (C corporation) owner reported?

• A)Form 1120 used by C corporations to report their income.
• B)Form 1120S used by S corporations to report their income.
• C)Form 1065 used by partnerships to report their income.
• D)Form 1040, Schedule C used by sole proprietorships to report their income.
• E)None of the choices are correct.

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Definitions:

Dependency

The state of relying on or being controlled by someone or something else for support, resources, or decision-making.

Authoritative Directions

Instructions or orders given by someone in a position of power that are expected to be followed without question.

Expert Power

A form of influence derived from possessing specialized knowledge or expertise.

Technical Areas

Specialized fields of study or occupation that focus on particular technologies or skills related to sciences and engineering.