Taxation of Disregarded Entities | Practical Law
A Practice Note discussing the US federal income tax rules that apply to a US business entity that is treated as a disregarded entity for tax purposes. This Note provides an overview of the tax classification rules for US business entities, the taxation of income and operations of a disregarded entity, the taxation of purchases and sales of a disregarded entity, and the tax consequences of the conversion of a disregarded entity to a partnership or corporation.