Taxpayers who want both limited liability and the passthrough of losses should choose either the Subchapter S or the LLC entity form of doing business.
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Q2: Like individuals, corporations can claim both deductions
Q3: Some corporations (e.g., personal service corporations) cannot
Q7: Like individuals, corporations can take advantage of
Q8: Although the corporate income tax is progressive,
Q9: A corporation's election to forego a net
Q10: The domestic production activities deduction of an
Q15: Both individuals and corporations can carry over
Q16: A C corporation donates inventory (basis of
Q19: Under the check-the-box Regulations, an entity is
Q20: In computing the NOL of a corporation,
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