Which of the following is NOT a choice available to a LLC for how it wishes to be treated for tax purposes?
A)C Corporation filing a form 1120
B)Sole Proprietorship filing a Schedule C attached to an owners Form 1040
C)Partnership filing a Form 1065
D)S Corporation filing a Form 1120S

Question

Quizplus · Accepted Answer

An LLC can choose to be taxed as a sole proprietorship, partnership, S corporation or C corporation. However, the option of filing a Form 1120, which is for C corporations, is not available to LLCs unless they specifically elect to be taxed as a C corporation. The best choice for an LLC depends on its specific circumstances and goals, and should be discussed with a tax professional.

Which of the Following Is NOT a Choice Available to a LLC