How Does a Partnership Make a Tax Election for the Current

question 81

Multiple Choice

How does a partnership make a tax election for the current year?

• A) Partnerships make certain elections automatically by simply filing their returns.
• B) Partnerships make certain tax elections by filing a separate form with the IRS.
• C) Partnerships do not need to file anything to make a tax election.
• D) Partnerships do not make tax elections. Partners must make tax elections separately.
• E) Both Partnerships make certain elections automatically by simply filing their returns and Partnerships make certain tax elections by filing a separate form with the IRS.

---

Definitions:

Dust Boots

Protective covers placed over joints or mechanisms to prevent the ingress of dirt and debris.

Anchor

A device, usually made of metal, used to connect a vessel to the bed of a body of water to prevent the craft from drifting due to wind or current.

Internal Friction Surface

The surface within a mechanical system where internal friction occurs, often influencing the efficiency and wear of the system.

Shoes

Footwear made from various materials, designed to protect and comfort the human foot while doing various activities.