Which of the following corporations is entitled to join in a consolidated tax return without making a special election?

Question

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Closely held corporations are entitled to join in a consolidated tax return without making a special election. This means that if the corporations meet the IRS guidelines for being closely held, they can file one tax return as a group instead of each filing separate returns. The other options listed - corporations exempt from tax under Sec. 501, real estate investment trusts, and foreign corporations - would require a special election to join in a consolidated tax return.

Which of the Following Corporations Is Entitled to Join in a Consolidated