Affiliated Group

Affiliated Group

A set of companies owned by the same parent company. An affiliated group often files its tax returns as if it were a single company, but this is not always the case. See also: Affiliated Corporation.
References in periodicals archive ?
The Tax Court did not break up consolidated taxable income and allowed graduated corporate income tax rates for an affiliated group that included a qualified personal service corporation (QPSC) that by itself would have been subject to a flat 35% rate.
Affiliated group with QPSC allowed graduated tax rates: regulations do not support the IRS' "two baskets" approach of separating qualified personal service corporation income, the Tax Court holds
Abu Mohammed al-Golani, the leader of the Nusra Front, issued an ultimatum to rival al-Qaeda affiliated group Islamic State of Iraq and the Levant ( ISIL ) Tuesday.
Syrian opposition infighting: Nusra issues ultimatum to ISIL
Following the TIPRA amendment, for distributions made after May 17, 2006 and before 2011, all members of a corporation's separate affiliated group are treated as one corporation for purposes of the active-conduct test.
Significant recent developments
A separate affiliated group for any corporation is the affiliated group which would be determined for consolidated return eligibility [under Sec.
TIPRA highlights: new law generally favors taxpayers
Moreover, the deduction is capped at 50 percent of the "W-2 wages" paid during the year by the company and members of its "expanded affiliated group.
Some assembly required: treasury provides first round of guidance on the domestic manufacturers' deduction
In this position, he is responsible for new development and the strategic oversight of the firm's affiliated group of companies, including Related Capital Company, Related Management Company, Credit Re-Mortgage Capital, related Retail and Palladium.
Related president's community service
Modify the interest allocation rules under Section 864(e) to provide a one-time election under which the taxable income of an affiliated group from sources outside the U.
Tax Cut Package Contains Significant Business-Related Provisions
As a result of recent Arizona legislation that took effect July 17, 1994, an affiliated group of corporations filing a Federal consolidated return may elect to file consolidated Arizona income tax returns for tax years beginning on or after December 31, 1993.
New consolidated return election offers planning opportunities in Arizona
199-1 (b) (1), the deduction cannot increase an NOL carryover or carryback (there is an exception for expanded affiliated group members in certain situations).
Interplay between the Sec. 199 manufacturing deduction and the Sec. 965 repatriation provision
Supreme Court resolved a conflict between the Fourth and Sixth Circuit appeals courts in a case involving the 10-year carryback of product liability losses under IRC section 172(b)(1) for an affiliated group filing a consolidated return.
Consolidated carryback of product liability expenses
Specifically, interest and expenses not directly allocable and apportioned to any specific income-producing activity (such as certain expenses relating to supportive functions, R&E expenses, stewardship expenses and legal and accounting expenses) must generally be allocated and apportioned as if all members of an affiliated group were a single corporation.
Allocation and apportionment of expenses for Sec. 199 purposes: for many taxpayers, calculation of the Sec. 199 deduction will require an enormous amount of work. This article focuses on one aspect of the deduction, the allocation and apportionment of expenses under the Sec. 861 regulations and the proposed Sec. 199 regulations
An affiliated group of corporations can elect to file a consolidated tax return.
Defining an affiliated group
Financial browser ?
Full browser ?