Separate-Return States Require Each Member of a Consolidated Group with Income

question 97

True/False

Separate-return states require each member of a consolidated group with income tax nexus to file their own state income tax return.

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Definitions:

Catastrophic Stress

A type of severe stress resulting from an event that is perceived as a disaster, leading to significant emotional, psychological, or physical distress.

Post-traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Acute Stress Disorder

A mental health condition involving symptoms of anxiety and dissociation that occur within a month after exposure to a traumatic event.

External Locus

of control is a belief that outcomes in one’s life are determined by external forces beyond personal control.