Which of the following is not a requirement that must be met before a group files a consolidated return?
A)None of the corporations can be ineligible under the Code to file on a consolidated basis with the others.
B)All of the corporations must be members of an affiliated group.
C)None of the group members can use the LIFO method of accounting for inventories.
D)The group members must share a common tax year end.

Question

Quizplus · Accepted Answer

The use of the LIFO method of accounting for inventories is not a requirement that must be met before a group files a consolidated return. The other options are all requirements for filing a consolidated return.

Which of the Following Is Not a Requirement That Must