Eliminating inter company gains and losses

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1. An affiliated group of corporations may elect to be taxed as a single unit, thereby eliminating intercompany gains and losses. Outline and discuss three requirements that must be met for a C Corporation to file a consolidated tax return.

2. Briefly outline and discuss four advantages associated with filing a corporation' tax returns

3. Outline and explain four disadvantages related to filing a corporate tax return.

Reference no: EM133228161

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