Under certain circumstances,a corporation can elect to be taxed similarly to a partnership.

Name: Under certain circumstances,a corporation can elect to be taxed similarly to a partnership.
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A corporation can elect to be taxed similarly to a partnership by filing a Form 8832 with the IRS to become an S corporation. This allows the corporation to avoid double taxation by having the corporation's income and losses pass through to the shareholders' personal tax returns.

Under Certain Circumstances,a Corporation Can Elect to Be Taxed Similarly