A Business Entity Is Not Always Taxed the Same Way

question 100

True/False

A business entity is not always taxed the same way as its legal form.

---

Definitions:

Discovery

A pre-trial procedure in a lawsuit where each party can obtain evidence from the opposite party through various means, such as interrogatories, document requests, and depositions.

Deposition

A pretrial question and answer proceeding, usually conducted orally, in which a party or witness answers an attorney's questions. The answers are given under oath, and the session is recorded.

Affirmative Defense

A defense in which the defendant introduces evidence to negate or reduce liability, rather than simply denying the plaintiff's allegations.

Answer

A defendant’s response to a plaintiff’s complaint.