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:

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Unfavorable or distressing information that needs to be communicated to someone.

Direct Format

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The process of communicating unfavorable news or feedback in a sensitive or tactful manner.

Buffer

A temporary storage area or a means to mitigate the impact of something negative.