What Tax Year-End Must Unincorporated Entities with Only One Owner

question 64

Multiple Choice

What tax year-end must unincorporated entities 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

---

Definitions:

Extinct Conditioned Responses

The process by which a conditioned response becomes weaker or disappears after the conditioned stimulus is repeatedly presented without the unconditioned stimulus.

Cognitive Psychologists

Specialists in the field of psychology who study mental processes such as perception, memory, thought, and problem-solving.

Temporary Change

A modification or alteration that is not permanent, often expected to revert back to the original state after a certain period or under specific conditions.

Organism's Behavior

The observable actions or reactions of living entities in response to external or internal stimuli.