How does a partnership make a tax election for the current year?
A) Partnerships make certain elections automatically by simply filing their returns.
B) Partnerships make certain tax elections by filing a separate form with the IRS.
C) Partnerships do not need to file anything to make a tax election.
D) Partnerships do not make tax elections. Partners must make tax elections separately.
E) Partnerships make certain elections automatically by simply filing their returns, and partnerships make certain tax elections by filing a separate form with the IRS.

Question

Quizplus · Accepted Answer

Partnerships can make some elections automatically by filing their returns, while others require a separate form to be filed with the IRS.

How Does a Partnership Make a Tax Election for the Current