Generally, Upon Making a Proper Election an Affiliated Group Is

Generally, upon making a proper election an affiliated group is considered to remain in existence for purposes of filing a consolidated tax return if

A) Form 1122 is filed annually with the IRS at least 90 days before the due date of the consolidated tax return.
B) The common parent has at least one subsidiary that was a member of the group for at least six months during the year.
C) The subsidiary has sold no more than 80 percent of its stock to a party or parties other than the parent group.
D) The common parent has filed a consolidated report the year before and has a subsidiary at the end of the tax year.
E) The common parent has at all times during the tax year at least one subsidiary that was a member of the group at any time during the year.