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2. Low-profit limited liability company - Wikipedia

   en.wikipedia.org/wiki/Low-profit_limited...

   Both of these elections are considered pass-through taxation because the profits/losses and thus taxes of a business are directly passed on to the members via their individual tax returns. When taxed as a C-Corporation, the entity will pay corporate taxes before profit is distributed to members who will also be required to pay tax on their gains.

3. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   For U.S. federal income tax purposes, an LLC is treated by default as a pass-through entity. [24] If there is only one member in the company, the LLC is treated as a "disregarded entity" for tax purposes (unless another tax status is elected), and an individual owner would report the LLC's income or loss on Schedule C of his or her individual ...

4. Flow-through entity - Wikipedia

   en.wikipedia.org/wiki/Flow-through_entity

   [11] Brownback's tax overhaul created pass-through income tax exemptions as well as trimming income tax, eliminating some corporate taxes. [10] From 2013 to 2017, Kansas experienced budget shortfalls culminating in a $350 million budget shortfall in February 2017, which "threatened the viability of [the state's] schools and infrastructure". [10]

5. LLC vs. Corporation - AOL

   www.aol.com/finance/llc-vs-corporation-203712316...

   For tax purposes, LLCs are largely pass-through entities like sole proprietorships. You won’t face corporate taxation. Forming a corporation is typically more expensive and takes more work.

6. Does the LLC Pass-Through Taxation Apply to Me? - AOL

   www.aol.com/finance/does-llc-pass-taxation-apply...

   For premium support please call: 800-290-4726 more ways to reach us

7. Entity classification election - Wikipedia

   en.wikipedia.org/wiki/Entity_classification_election

   The IRS uses the information entered on the form to establish the entity's filing and reporting requirements for federal tax purposes. [3] Certain domestic and foreign entities that were in existence before January 1, 1997, and have an established federal tax classification generally do not need to make an election to continue that classification.

8. California Tax Extension: Why it Happened and What it Means ...

   www.aol.com/california-tax-extension-why...

   Last month California Gov. Gavin Newsom announced that the state is extending its tax filing deadline for residents impacted by December and January winter storms. The new deadline is now Oct. 16,...

9. Partnership taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Partnership_taxation_in...

   The rules governing partnership taxation, for purposes of the U.S. Federal income tax, are codified according to Subchapter K of Chapter 1 of the U.S. Internal Revenue Code (Title 26 of the United States Code). Partnerships are "flow-through" entities. Flow-through taxation means that the entity does not pay taxes on its income.