Which of the following corporations is an includible corporation for purposes of filing a consolidated tax return?

Question

Quizplus · Accepted Answer

S corporations and foreign corporations are not includible corporations for purposes of filing a consolidated tax return. Insurance companies may or may not be includible depending on certain factors such as ownership structure. However, car manufacturing corporations are generally considered includible corporations for purposes of filing a consolidated tax return.

Which of the Following Corporations Is an Includible Corporation for Purposes