The federal tax law considers the member corporations of an affiliated group to be a single entity for federal tax purposes.An example of this treatment is the requirement to share the 15% tax bracket.

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, which requires them to share the tax brackets.

The Federal Tax Law Considers the Member Corporations of an Affiliated