Outline the Major Advantages and Disadvantages of Filing Federal Corporate

question 5

Essay

Outline the major advantages and disadvantages of filing Federal corporate income tax returns on a consolidated basis. Limit your comments to the income tax effects of the election.

---

Definitions:

Organization

A structured group of people with a specific purpose or goal, such as businesses, governments, and non-profits.

Servers

Computers or computer programs that provide services to other computer programs (and their users) in a network.

.Pst File

A file format used by Microsoft Outlook to store a user's email messages, contacts, calendar events, and other personal information locally on their computer.

Stored

Held or accumulated in a storage space or medium.