ACP Corporate Practice Questions - NALA Advanced Certified Paralegal - Business Organizations (Incorporated Entities) Exam

A corporation that has not made any special tax election is, by default, taxed under which federal regime?

As an S corporation under Subchapter S As a C corporation under Subchapter C As a partnership under Subchapter K As a disregarded entity

Correct Answer:

As a C corporation under Subchapter C

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