There are three basic taxable entities: the individual, the fiduciary, and the C corporation.

Name: There are three basic taxable entities: the individual, the fiduciary, and the C corporation.
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The three basic taxable entities under U.S. federal income tax law are individuals, fiduciaries (which include trusts and estates), and C corporations. Each of these entities is taxed differently according to specific rules set forth in the Internal Revenue Code.

There Are Three Basic Taxable Entities: the Individual, the Fiduciary