Which of the Following Is Not Generally a Disadvantage of Filing

question 25

Multiple Choice

Which of the following is not generally a disadvantage of filing Federal corporate income tax returns on a consolidated basis?

• A) Net capital losses from one affiliate can offset the capital gains from another. This can reduce the tax liabilities of the group as a whole.
• B) Realized losses from transactions between affiliates are not recognized immediately.
• C) Compliance costs usually are higher when a consolidation election is in effect.
• D) The election generally is binding for future tax years.

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Definitions:

Social Group Work

A method of social work that involves facilitating group activities and dynamics to promote individual change and improve collective well-being.

Respect And Dignity

The principle of acknowledging and valuing individuals’ worth and rights, ensuring they are treated with decency and honor.

Confronting Members

The act of addressing individuals directly in a group setting about behaviors, patterns, or issues that affect the group's dynamics or objectives.

Self-Help Group

A type of support group where individuals gather to discuss and resolve their personal problems without professional leadership.