How must the IRS collect the liability for Federal taxes from among a consolidated group?
A)According to their relative net asset holdings.
B)According to an internal tax-sharing agreement.
C)Against the parent of the group.
D)Against the member of the group that generated the tax.
E)No particular order of collection is prescribed by IRS rules.

Question

Quizplus · Accepted Answer

The IRS is not bound to follow a group's internal tax-sharing agreement.

How Must the IRS Collect the Liability for Federal Taxes