Sole Proprietors
The title of the responsible party for a sole proprietor.
What is the Owner?
An entity that has organized with their state but has only one member.
What is a Single Member LLC
What is a corporation?
A relationship existing between two or more persons or entities which join to conduct a trade or business.
What is a partnership?
A legal entity created as a result of a person's death.
What is a decedent estate?
The social security number on ENMOD.
What is the XREF TIN?
An entity that has more than one member and has organized with the state.
What is a multiple member LLC?
What is the 1120?
Once classified as a partnership this filing requirement is opened.
What is the 1065?
A separate and distinct taxable entity from the individual debtor who files bankruptcy under Chapter 7 or 11.
What is a bankruptcy Estate?
The Command Code used to researched the Owner's PII.
What is INOLES?
The indicator for LLC's to determine if it is Single or Multi Member can be found using this Command Code.
What is Enmod?
What is legally bind the corporation?
The authorized responsible party of a partnership is known as
What is a partner?
A legal entity created under state law and taxed under federal law in which one party holds assets for the benefit of another.
What is a Trust?
A sole proprietor can operate under a business name known as this.
What is a DBA (Doing Business As)?
LLC is the acronym for this.
What is Limited Liability Company?
An entity with an MFI (Master File Indicator) of B is a...
What is a for profit corporation?
What is a Joint Venture?
The form filed by trusts and estates.
What is Form 1041?
Sole Proprietors report the business loss/income on this form.
What is the 1040?
A multiple member LLC can choose to report their income as one of these two entity types.
What is partnership or corporation?
To elect to be treated as an S Corporation, this form must be filed.
What is Form 2553?
What is the Schedule K-1?
Trusts and Estates can be identified by one of these two numbers in the third digit of the EIN.
What is 6 or 7?