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What is the highest possible reliability of a test?
LLC's
Stands for Limited Liability Companies, a business structure in the U.S. that offers personal liability protection to its owners but can be taxed as a partnership.
S Corporations
A special designation of corporation that allows income to be taxed only at the shareholder level, avoiding double taxation.
Flow-Through Entities
Entities through which income flows to the owners or investors, avoiding corporate income tax.
Schedule E
A tax form used to report income and losses from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.
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