What Are Some of the Advantages and Disadvantages of Filing

question 44

Essay

What are some of the advantages and disadvantages of filing a consolidated return?
1) profits of one member of the group can be offset against losses of another member of the group;
2) capital gains of one member of the group can be offset against capital losses of another member of the group; and
3) profits or gains reported on intercompany transactions are deferred until a sale outside the group takes place.
Disadvantages include:

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Definitions:

E-codes

E-codes are a classification system used in health informatics for coding external causes of injuries, poisonings, and accidents.

Neoplasms

Abnormal masses of tissue that form when cells grow and divide more than they should or do not die when they should.

Three-Digit Categories

Groupings within a classification system that are designated by three numerical digits to categorize data or information.