Unraveling the Concept of Disregarded Entities: A Comprehensive Guide with Real-Life Examples
What is a Disregarded Entity? Explained with Examples A disregarded entity is a business that has a single owner, is not organized as a corporation, and isn’t taxed separately from its owner. It’s just that simple. It is called a disregarded entity because while it is a business, the Internal Revenu Service (IRS) does not…