A Calendar Year Taxpayer That in 2011 Elected (Under the Check-The-Box

question 51

Essay

A calendar year taxpayer that in 2011 elected (under the check-the-box Regulations)to be taxed as a corporation wants to be taxed as a partnership in 2012.Is this permissible?

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Definitions:

Dysuria

Difficult or painful urination, which can be a symptom of various medical conditions.

Hematuria

Abnormal presence of blood in the urine.

Costovertebral Angle

The angle formed by the vertebral column and the downward slope of the last rib, an area often examined for tenderness accompanying kidney problems.

Cranial Nerve IX

Also known as the Glossopharyngeal nerve, it is responsible for taste and other functions of the throat (pharynx) and mouth.