Topic 11: Additional Federal Tax Topics / Additional Federal Tax Topics, Quiz Part I of II
a. A business organized as a domestic sole proprietorship incorporating as a sub-chapter S corporation in the State the business is headquartered in
b. A partnership consisting of two individuals who allow a third individual to buy into the partnership.
c. An international business corporation (IBC) set-up in the same name as a domestic corporation. Payments received domestically are processed through the foreign bank account of the IBC.
d. A domestic corporation that petitions the IRS to change its fiscal year from December 31 to September 30.