An S corporation can be a member of an affiliated group of corporations.

Name: An S corporation can be a member of an affiliated group of corporations.
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Question

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An S corporation cannot be a member of an affiliated group of corporations because affiliated groups are typically formed for the purpose of filing a consolidated tax return, which S corporations are ineligible to do due to their unique tax status that allows income to pass through to shareholders.

An S Corporation Can Be a Member of an Affiliated