Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

تمرين 58

Banana Company is widely held. It owns 85% of Strawberry Corporation. Two individuals hold the remaining 15%. Which of the following statements is true? a. Banana and Strawberry must file a consolidated tax return.
B) Banana and Strawberry can elect to file a consolidated tax return.
C) Banana and Strawberry can file a consolidated tax return if the other owners of Strawberry agree.
D) Banana and Strawberry are brother-sister corporations.