When the parent acquires 51% of a subsidiary U.S.corporation,the subsidiary can join both the consolidated financial statements and the consolidated tax return of the parent.
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Q3: A wholly owned partnership can join a
Q5: A consolidated return may be the product
Q7: The calendar-year Sterling Group files its Federal
Q8: A Federal consolidated group can claim a
Q9: Campbell Corporation left the Crane consolidated tax
Q14: A group's election to file consolidated Federal
Q14: A public university cannot join in a
Q16: A for-profit hospital can remain in the
Q19: After a takeover, the parent takes a
Q20: Tax incentives constitute the primary motivation for
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