Identify which of the following statements is true.
A) The check- the- box regulations permit partnership and LLCs to elect C corporation tax treatment.
B) A group of corporations that meets the parent- subsidiary controlled group requirements is always eligible to file a consolidated return.
C) If 100% of the stock of two corporations is owned by the same individual, the two corporations are eligible to file a consolidated return.
D) All of the above are false.
Correct Answer:
Verified
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