The federal tax law considers the member corporations of an affiliated group to be a single entity for federal tax purposes.

Question

Quizplus · Accepted Answer

The federal tax law does indeed consider the member corporations of an affiliated group to be a single entity for federal tax purposes. This is known as the affiliated group filing method, which allows these corporations to file a consolidated tax return that reflects the income and deductions of all the group's members combined.

The Federal Tax Law Considers the Member Corporations of an Affiliated