On Which Tax Form Does a Single Member LLCs with One

question 55

Multiple Choice

On which tax form does a single member LLCs with one individual owner report its income and losses?

• A)Form 1120
• B)Form 1120S
• C)Form 1065
• D)Form 1040, Schedule C

---

Definitions:

Eric Foner

A distinguished historian specializing in the period of Reconstruction in the United States, emphasizing themes of democracy, freedom, and justice in his scholarship.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to the increased interconnectedness of the world's economies, cultures, and populations.

Microsoft

An American multinational technology company known for its software products, including the Windows operating system and Office suite, as well as hardware and cloud services.

WTO

The World Trade Organization, an international body that oversees global trade rules among nations, aiming to ensure trade flows as smoothly, predictably, and freely as possible.