Separate Return States Require Each Member of a Consolidated Group

question 3

True/False

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

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Definitions:

Notice

A formal communication or announcement, which can be in written or verbal form, informing individuals or parties about specific information, conditions, or requirements.

Conditional Contract

A contract whose validity or enforcement depends on the fulfillment of certain conditions.

Assignment

The transfer of rights, property, or responsibilities from one party to another.

Stop Payment

A stop payment is a request made to a bank to not pay out on a check or payment that has been issued but not yet cashed.