Elective Pay and Transfer Election — 0726 Publ 5884 (PDF)

Registrant Type	Defni ition
The Tennessee Valley Authority	The public corporation created pursuant to the Tennessee Valley Authority Act, P.L. 108-447 (16 U.S.C. 831-831ee).
Rural electric cooperative	An organization owned jointly by its members who are engaged in furnishing electricity to rural areas.
S Corporation	A corporation within the meaning of Section 1361(a) that elects to pass corporate income, losses, deductions, and credits through to its shareholders for federal tax purposes, and fles a Form 1120-S.
C Corporation	A legal entity separate from its owners, made up of individuals, groups, or other corporations, that has the power to conduct business and to own property, assets, and liabilities, and which is subject to federal income tax under the provisions of subchapter C of the Internal Revenue Code.
Partnership	A limited partnership, syndicate, group, pool, joint venture, or other unincorporated organization, through or by which any business, fnancial operation, or venture is carried on, that isn’t, within the meaning of regulations under 7701, a corporation, trust, estate, or sole proprietorship, and fles a Form 1065.
Real Estate Investment Trust (REIT)	A legal entity separate from its owners, made up of individuals, groups or other corporations, that has the power to conduct business and to own property, assets, and liabilities.
Sole proprietorship	Business owned by an individual directly or through an entity, such as a grantor trust or single member limited liability company, that is not taxed as a separate entity but is in substance disregarded for federal income tax purposes. NOTE: This registrant type only applies if the qualifying property or facility is owned by an individual directly (and not indirectly through ownership of an interest in a separate business entity, such as a corporation, partnership, or limited liability company, treated as a partnership or corporation for federal income tax purposes).
Trust	Any arrangement for which the purpose is to vest trustees’ responsibility for the protection and conservation of property for benefciaries, and that is not properly classifed as a grantor trust, sole proprietorship, partnership, corporation, or does not receive special treatment under the Code. Note: This registrant typeexcludes: (i) any trust exempt from federal income tax under Section 501(a), which should select the above-described registrant type for organization exempt under Section 501(a); and (ii) any revocable trust, which should select the above-described registrant type for sole proprietorship.