Which of the following is not a requirement that must be met before a group files a consolidated return?
A) All of the corporations must be members of an affiliated group.
B) None of the corporations can be ineligible under the Code to file on a consolidated basis with the others.
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.
Correct Answer:
Verified
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