A consolidated Federal income tax return may be the product of a merger of the affiliates,or of some other tax-favored reorganization.

Name: A consolidated Federal income tax return may be the product of a merger of the affiliates,or of some other tax-favored reorganization.
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Question

Quizplus · Accepted Answer

A consolidated Federal income tax return is often used after a merger or other tax-favored reorganization in order to streamline the tax filings of the affiliated companies.

A Consolidated Federal Income Tax Return May Be the Product