Campbell Corporation left the Crane consolidated tax return group after the calendar 2014 tax year. Generally, Crane can add Campbell back to the consolidated group, but no earlier than for the 2020 tax year.

Question

Quizplus · Accepted Answer

This is true according to the rules of adding and removing companies from a consolidated tax return group. A company can usually be added back to the group after a certain period of time, which in this case is no earlier than the 2020 tax year.

Campbell Corporation Left the Crane Consolidated Tax Return Group After