All types of corporations face double taxation

Name: All types of corporations face double taxation
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Only C corporations face double taxation, where the corporation's profits are taxed at the corporate level, and dividends paid to shareholders are taxed again at the individual level. S corporations, LLCs, and partnerships pass income directly to owners/shareholders to be taxed only at the individual level.

All Types of Corporations Face Double Taxation