Consolidated tax return

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.
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Immediate measures include: helping medium-sized businesses to invest through lifting the threshold for quarterly instalment payments of corporation tax; increasing the threshold for transfer pricing rules; and giving parent companies the option to submit a single consolidated tax return.
Yjoin in filing a consolidated tax return for each corporation's respective short C year beginning with the S corporation and QSub termination date.
Since 1987 Mike has served as an adjunct professor-of-law at Villanova University Law School teaching domestic and international corporate tax planning and consolidated tax return courses.
The Company's NOLs, as reported on its 2007 consolidated tax return, were approximately $695 million and potentially may provide a tax benefit in excess of $200 million, if preserved.
Thus, a reporting entity that files a consolidated tax return including the VIE is required to consolidate the VIE in its financial statements.
Partly to compensate for the expected drop in tax revenues, the ministry proposed the introduction of a special tax surcharge on companies that choose to file a consolidated tax return.
Overseeing preparation of Searle's consolidated tax return gave him exposure to such treasury activities as borrowing and hedging and made him more keenly aware of the impact of tax on financial strategy.
One effect that has not been explored in light of this decision is the parent-subsidiary group that either files or could file a consolidated tax return.
Since the company files a consolidated tax return with Arkla, these credits could not be utilized due to Arkla's consolidated tax loss for those years.
1502-32 consolidated investment stock basis; or (2), in cases where the transaction causes the subsidiary to affiliate or disaffiliate, whether the applicability of certain special consolidated tax return rules require that the tax consequences associated with the transaction be viewed as occurring while the subsidiary is still a member of the group.
As a result, NovaStar said it will file a consolidated tax return for the 2006 tax year today, in a timely manner, as a general C Corporation rather than as a REIT.

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