Multiple Choice
On which form is income from a single member LLC with one corporate (C corporation) owner reported?
A) Form 1120 used by C corporations to report their income
B) Form 1120S used by S corporations to report their income
C) Form 1065 used by partnerships to report their income
D) Form 1040, Schedule C used by sole proprietorships to report their income
E) None of these
Correct Answer:

Verified
Correct Answer:
Verified
Q2: All unincorporated entities are generally treated as
Q15: S corporation shareholders are legally responsible for
Q17: Limited partnerships are legally formed by filing
Q20: Jerry would like to organize FBC as
Q21: For tax purposes, only unincorporated entities can
Q23: Becca would like to organize BMI as
Q24: Which of the following is not an
Q25: C corporations and S corporations are separate
Q26: Jaron would like to organize TMZ as
Q27: A single-member LLC is taxed as a