Which of the Following Entities Is Eligible to File Federal

question 132

Multiple Choice

Which of the following entities is eligible to file Federal income tax returns on a consolidated basis?

• A) A U.S. C corporation that files on a separate basis for its state income tax returns.
• B) The charitable foundation of a U.S. C corporation.
• C) The liquidating trust of a U.S. C corporation.
• D) A wholly owned French subsidiary of a U.S. C corporation.

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Definitions:

Fresh Perspective

A new or different way of viewing or approaching a situation, problem, or task.

Cognitive-Behavioral Therapy

A type of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors.

Irrational Negative Thinking

A pattern of thought characterized by distorted, pessimistic biases, unfounded on reason or factual evidence.

Countercondition

A behavioral therapy technique where an undesired response to a stimulus is replaced with a desirable one through association of the stimulus with a different, positive condition.