Which of the following is eligible to join in a Federal consolidated return?
A)A sole proprietor with annual sales of more than $50 million.
B)A limited liability company.
C)A company organized in Germany.
D)A corporation that operates in seven different U.S.states.

Question

Quizplus · Accepted Answer

Only corporations that operate in multiple U.S. states are eligible to join a Federal consolidated return. Sole proprietors, limited liability companies, and foreign companies are not eligible.

Which of the Following Is Eligible to Join in a Federal