Identify Which of the Following Statements Is True

question 59

Multiple Choice

Identify which of the following statements is true.

• A)If 100% of the stock of two corporations is owned by the same individual, the two corporations are eligible to file a consolidated return.
• B)The check-the-box regulations permit partnership and LLCs to elect C corporation tax treatment.
• C)A group of corporations that meets the parent-subsidiary controlled group requirements is always eligible to file a consolidated return.
• D)All of the above are false.