Which of the following entities is not considered a flow-through entity?
A) C corporation.
B) S corporation.
C) Limited Liability Company (LLC).
D) Partnership.

Question

Quizplus · Accepted Answer

Income earned from a C corporation is taxed when earned and taxed when distributed to shareholders as dividends. A flow-through entity passes through its earned income directly to the shareholders or partners; thus, the income is taxed only once.

Which of the Following Entities Is Not Considered a Flow-Through