The election is effective for Federal and most state income tax purposes. If an entity is not classified as a corporation, it is treated as a partnership for U.S. tax purposes if it has more than one owner, or is a disregarded entity if it has a single owner (i.e. is treated as part of the single owner).
Gelatin rhymes with skeleton. Like the stuff they use in Jello :)Another word that rhymes with skeleton is peloton.
Just DON'T. That's funny, because in an episode of Seinfeld, they're trying to figure out the name of a woman whose name rhymes with a female body part, and I kept thinking it would be Regina (pronounced as described above)...but it turned out to be Mulva.