Which of the following statements regarding corporate controlled groups is false?
A)The progressive corporate tax rate structure is applied to the aggregate taxable income of the members of a controlled corporate group.
B)Each member of a controlled corporate group is permitted to accumulate $250,000 of earnings without imposition of the accumulated earnings tax.
C)The tax law identifies two types of controlled corporate groups: brother-sister controlled groups and parent-subsidiary controlled groups.
D)Brother-sister controlled groups are not eligible to file consolidated income tax returns.

Question

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The Answer of Which of the following statements regarding corporate controlled groups is false?
A)The progressive corporate tax rate structure is applied to the aggregate taxable income of the members of a controlled corporate group.
B)Each member of a controlled corporate group is permitted to accumulate $250,000 of earnings without imposition of the accumulated earnings tax.
C)The tax law identifies two types of controlled corporate groups: brother-sister controlled groups and parent-subsidiary controlled groups.
D)Brother-sister controlled groups are not eligible to file consolidated income tax returns.

Which of the Following Statements Regarding Corporate Controlled Groups Is