The legislative and executive branches of federal and state governments are empowered to establish administrative agencies to enforce and interpret statutes enacted by congress and state legislatures. in addition to adopting rules and regulations, these agencies usually have the power to hear and decide disputes. their decisions are called

Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is almost 90 percent, and you know you will report a substantial amount of income from other sources during those same three years. from a tax perspective, which of the following entity choices would not allow you to offset the entity losses against your income from other sources? c corporation s corporation llc general partnership