Affiliated Group

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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.
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Al-Qaeda affiliated groups have been competing for dominance in Syria since the start of the civil war in 2011.
On November 10, 1992, the Internal Revenue Service issued proposed regulations under section 1502 of the Internal Revenue Code, concerning the rules for affiliated groups filing a consolidated return.
Although S corporations can now be members of affiliated groups, they still cannot join in the filing of a consolidated return.
For affiliated groups with a limited history, the final regulations may provide the incentive to become current in tracking the basis of subsidiary investments.
Now, the S corporation doesn't have to spin off the target immediately, because S corporations can now be members of affiliated groups without losing S status.
We believe that the diversity and training of our members enable us to bring an important, balanced, and practical perspective to the issues raised by the proposed regulations relating to intercompany transactions among members of affiliated groups filing consolidated tax returns.
Other commentators aver that the SRLY rules serve a broader purpose than limiting loss trafficking, contending that the SRLY rules protect the integrity of the separate return and consolidated return systems by preventing affiliated groups from selectively claiming the benefits of both systems, while avoiding their detriments.
Even in states that permit or require combined filing, state combined groups are frequently different from Federal affiliated groups.
Affiliated groups were thus able to isolate their borrowings in those corporations with only U.
In addition, the OAUG will offer attendees four special community outreach sessions covering the recently affiliated groups of Oracle Retail, Siebel, PeopleSoft and Portal Software.
The third day--Meat on the Bones--will build on the two previous days with a focus on the issues that arise as members enter or leave affiliated groups via acquisitions or dispositions.
Shared money pools are common for public utilities, while complete centralization of funding and cash management is common for affiliated groups in other non-regulated industries.
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