Which of the Following Is Not a Correct Statement Regarding

Multiple Choice

Which of the following is not a correct statement regarding the advantage of the partnership entity form over the subchapter C corporate form?

A) A partnership typically has easier administrative and filing requirements than does a C corporation.
B) Partnership income is subject to a single level of taxation; corporate income is double taxed.
C) Partnerships may specially allocate income and expenses among the partners, provided the substantial economic effect requirements are met; corporate dividends must be proportionate to shareholdings.
D) Partners in a general partnership have less personal liability for entity claims than shareholders of a C corporation.
E) All of the above are advantages of partnership taxation.