Weekly Learning Team Assignment – Tax Article (1 point)
· Team is to select an article that relates to the weekly reading material and write a one page executive summary of the contents. Paper is to be APA formatted and a minimum of 150 works. Paper is to be posted within the Weekly Assignment Section.
Pass-through entities such as partnerships or S corporations do not have their own tax liability at the entity level. The income or expenses are passed to the owners and are taxed at the individual level. The taxable incom