Alb,Bud,and Coe constitute an affiliated group of corporations.Which of the following tax effects becomes more restrictive if an election is made to file on a consolidated basis?
A)Choice of members' tax accounting methods.
B)Use of the lower tax rate brackets.
C)Use of the $40,000 AMT exemption.
D)Choice of members' tax year ends.
E)None of the above.

Question

Quizplus · Accepted Answer

The others are treated alike even if no election to consolidate is made,because the controlled group rules apply.

Alb,Bud,and Coe Constitute an Affiliated Group of Corporations