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If, on Joining an Affiliated Group, SubCo Has a Different

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Short Answer

If, on joining an affiliated group, SubCo has a different tax year than that of ParentCo, SubCo must switch its year- end to ParentCo's by the end of the first, second, etc.) tax year after the election to consolidate.


Definitions:

Right Lateral

A position where an individual lies on their right side, often used in medical settings to aid in patient comfort or for specific examination purposes.

Metered-Dose Inhaler

A device that delivers a specific amount of medication to the lungs, in the form of a short burst of aerosolized medicine that is inhaled by the patient.

Systemic Effects

Effects of a medication or disease that are not localized but impact the entire body.

Tachycardia

A condition where the heart rate exceeds the normal resting rate, typically defined as a heart rate over 100 beats per minute in adults.

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