What determines the irs view of a business
Problem
Taxpayers often fail to understand the distinction between state recognition of businesses versus IRS recognition. An LLC is recognized by the state alone. What determines the IRS view of a business? What categories exist?
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Taxpayers often fail to understand the distinction between state recognition of businesses. What determines the IRS view of a business? What categories exist?
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Examine how the performance of both systems might compare.
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