A tax-exempt charitable trust created by a U.S. C corporation can join in a Federal consolidated return.

Name: A tax-exempt charitable trust created by a U.S. C corporation can join in a Federal consolidated return.
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Question

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A tax-exempt charitable trust does not pay federal income taxes and therefore cannot join in a Federal consolidated return, which is a method used by affiliated corporations to file one income tax return for the entire group of corporations.

A Tax-Exempt Charitable Trust Created by a U