Consolidated Tax Return Requirements (U.S. Tax)

A group of corporations may elect to file a consolidated tax return. If the corporations make this election, they are treated as a single taxpaying entity. A corporation may choose to be part of a consolidated tax return if it meets 3 requirements:

Requirement #1: the corporation is a member of an affiliated group.
Requirement #2: the corporation is not a type that is automatically ineligible.
Requirement #3: the corporation meets the compliance requirements.—
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