An S corporation's tax treatment is most similar to the

Question

Quizplus · Accepted Answer

An S corporation is a hybrid entity that is taxed like a partnership or sole proprietorship, but also has limited liability protection like a corporation. This means that the profits and losses of the S corporation are passed through to the shareholders and reported on their individual tax returns, similar to a partnership. Therefore, the tax treatment of an S corporation is most similar to a partnership.

An S Corporation's Tax Treatment Is Most Similar to the