Tax Entity Classification
/ˈtæks ˈɛntɪti ˌklæsɪfɪˈkeɪʃən/
Definitions
- (n.) The categorization of an organization or entity for taxation purposes, determining how it is taxed under law.
The company's tax entity classification affects its filing requirements and tax obligations.
Forms
- tax entity classification
- tax entity classifications
Related terms
See also
Commentary
This term typically arises in tax law to specify how legal entities like corporations, partnerships, or disregarded entities are treated for federal and state tax purposes. Precision in classification influences tax liability and compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.