What Tax Year-End Must an Unincorporated Entity with Only One

question 67

Multiple Choice

What tax year-end must an unincorporated entity with only one owner adopt?

• A)The entity is free to adopt any tax year-end.
• B)The entity must adopt the same year-end as its owner.
• C)The entity must adopt a calendar year-end.
• D)The entity may adopt any year-end except for a calendar year-end.

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Definitions:

Competitive Job Market

An employment environment where there are more job seekers than available jobs, making the job search highly competitive.

Active Listener

Someone who listens attentively, engaging fully with the speaker's message and providing feedback that shows understanding and interest.

Controlling Surroundings

The process of managing and manipulating the physical or social environment to achieve desired outcomes.

Receptive Mind-Set

An open and willing attitude to accept and consider new ideas or suggestions.