Multiple Choice
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) Both partnerships make certain elections automatically by simply filing their returns and partnerships make certain tax elections by filing a separate form with the IRS.
Correct Answer:
Verified
Correct Answer:
Verified
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