For Tax Purposes, Only Unincorporated Entities Can Be Considered to Be

question 21

True/False

For tax purposes, only unincorporated entities can be considered to be disregarded entities.
If an entity is incorporated it is a corporate entity for tax purposes and cannot be a disregarded entity.

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Definitions:

Condyle

Rounded articular surface on a bone.

Fossa

A depression or hollow, usually in a bone.

Tuberosity

A large rounded projection on a bone, often serving as a site for muscle or ligament attachment.