In Determining Whether an Entity Is to Be Recognized as a Corporation

question 20

True/False

In determining whether an entity is to be recognized as a corporation for Federal income tax purposes, classification under state law is not conclusive.

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Definitions:

Natural Gas

A fossil fuel consisting mainly of methane, used as an energy source for heating, cooking, and electricity generation, and as a fuel for vehicles.

Tax Credits

Government incentives that reduce the amount of tax owed, dollar for dollar, to encourage certain activities or investments.

Energy Efficiency

The practice of using less energy to provide the same service or achieve the same result.

Green Roofs

Rooftops covered with vegetation and soil or a growing medium, installed over a waterproof membrane, to improve building insulation, reduce urban heat islands, and create habitats.