With explanation Which of the following requires IRS approval to exist?LLPLLCNone of these answer choices.General Partnership

The right answer is C None of these answer choices.

Answered: n of the

Business

Accounting

n of the

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter1: An Introducti On To Taxation And Understa Nding The Federal Tax Law

Section: Chapter Questions

Problem 18DQ

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Concept explainers

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.

Question

With explanation

Which of the following requires IRS approval to exist?
LLP
LLC
None of these answer choices.
General Partnership

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