
Get Irs 1120 1996
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Related links form
An LLC, or Limited Liability Company, can choose to be taxed as either an S Corporation or a C Corporation, depending on its structure and business goals. Its default classification is as a disregarded entity or partnership, unless an election is made for S or C Corporation status. This flexibility allows LLCs to benefit from various tax advantages under IRS 1120 or IRS 1120S, depending on their chosen classification.
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