Because It Is Not a Taxable Entity,an LLP

question 69

Multiple Choice

Because it is not a taxable entity,an LLP

• A) files an information tax return.
• B) does not need to file a tax return.
• C) needs to file only a federal tax return.
• D) needs to file only a state and local tax return.

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Definitions:

Flatworms

A phylum of simple, soft-bodied invertebrate animals known for their bilateral symmetry and lack of a body cavity.

Intermediate Host

An organism that harbors the larval or asexual stage of a parasite, through which the parasite must pass before reaching its mature phase.

Blood Fluke

A parasitic flatworm, belonging to the genus Schistosoma, that lives in the blood vessels of humans and animals and causes schistosomiasis.

Proboscis

A lengthy extension from an animal's head, especially seen in insects, utilized for nourishment or perception.