An Affiliated Group Elects the Use of the Consolidated Method

question 78

Multiple Choice

An affiliated group elects the use of the consolidated method for filing its tax return by

• A) filing an affiliations schedule.
• B) filing Form 1120.
• C) filing a consent to the election from each member of the affiliated group in the initial year.
• D) All of the above are necessary for the election.

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Definitions:

Middle Childhood

Refers to the developmental stage ranging from approximately six to twelve years of age, marked by significant growth in cognitive, social, and emotional areas.

Biological Processes

Changes in an individual’s body.

Cognitive

Relating to the mental processes of perception, memory, judgment, and reasoning, as contrasted with emotional and volitional processes.

Socioemotional

Pertaining to the intersection of social processes and emotional development or experience.