Examlex
Where consolidated returns are required for state purposes, they include only those members of the affiliated group that possess nexus with the taxing state.
Unmarried Couple
A pair of individuals in a romantic relationship who live together but are not legally married.
Tenancy by the Entirety
A form of joint property ownership available only to married couples, where each spouse has an undivided interest in the property and right of survivorship.
Tenancy in Partnership
Tenancy in Partnership describes a form of ownership where partners possess an undivided interest in property owned by the partnership for the purpose of the partnership's business.
Tenancy in Common
A form of ownership where two or more individuals own property together, each holding a distinct, undivided interest.
Q7: Accumulations of earnings for working capital constitutes
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Q32: C Corporation directly owns 25 percent of
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Q39: Code § 382 limits the deductibility of
Q43: W Corp.owns 100 percent of the stock
Q50: W Corp.owns 100 percent of the stock