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Consolidated Tax Return |
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Consolidated tax return A tax return combining the reports of affiliated companies, that are at least 80% owned by a parent company. Consolidated Tax Return A tax return providing information on the assets, liabilities, profits, and losses of a group of affiliated companies. Each company's tax return is reconciled so that the return is treated as if it were for a single company. A parent company may file a consolidated tax return if it owns at least 80% of its subsidiaries. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| consolidated tax return (includible corporation), net of eliminations for intercompany transactions between includible corporations. 15) Depending upon the ownership percentages and the types of entities involved, a controlled group may include entities that are not members of the same consolidated tax return group and there may be multiple consolidated tax return groups. Even if you're filing a consolidated tax return at the federal level, it doesn't mean that you have to file on a combined basis in every state," says Moran. |
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