What Are The 5 Basic Taxable Or Reporting Entities?
What Are The 5 Basic Taxable Or Reporting Entities? According the U.S tax laws, there are only five reporting entities: individuals, partnerships, corporations, estates and trusts. What are the taxable entities? According to the Code, individuals, most corporations, and fiduciaries (estates and trusts) are taxable entities. Other entities, such as sole proprietorships, part- nerships, and