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  2. Entity classification election - Wikipedia

    en.wikipedia.org/wiki/Entity_classification_election

    The election is effective for Federal income tax purposes. If an entity is not classified as a corporation, it is treated as a partnership for U.S. tax purposes if it has more than one owner, or is treated as a "disregarded entity" if it has a single owner (i.e. is treated as part of the single owner).

  3. Taxpayer Identification Number - Wikipedia

    en.wikipedia.org/wiki/Taxpayer_Identification_Number

    A Taxpayer Identification Number (TIN) is an identifying number used for tax purposes in the United States and in other countries under the Common Reporting Standard. In the United States it is also known as a Tax Identification Number ( TIN ) or Federal Taxpayer Identification Number ( FTIN ).

  4. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    For U.S. federal income tax purposes, an LLC is treated by default as a pass-through entity. [24] If there is only one member in the company, the LLC is treated as a "disregarded entity" for tax purposes (unless another tax status is elected), and an individual owner would report the LLC's income or loss on Schedule C of his or her individual ...

  5. Taxpayer - Wikipedia

    en.wikipedia.org/wiki/Taxpayer

    Estate taxes are imposed on the transfer of property upon the death of the owner. Taxes on property. Property tax, sometimes known as an ad valorem tax, is imposed on the value of real estate or other personal property. Property taxes are usually imposed by local governments and charged on a recurring basis.

  6. Corporate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Corporate_tax_in_the...

    The credit is limited to that part of federal income tax before other credits generated by foreign source taxable income. The credit is intended to mitigate taxation of the same income to the same taxpayer by two or more countries, and has been a feature of the U.S. system since 1918.

  7. Column: Single-payer healthcare is the right system. Can ...

    www.aol.com/news/column-single-payer-healthcare...

    The GOP's legislative caucus says a single-payer system in California would cost $400 billion and require $163 billion annually in new taxes. The new taxes don't necessarily represent new spending ...