What is the difference between a consolidated group and an affiliated group? Is an affiliated group required

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What is the difference between a consolidated group and an affiliated group?

Is an affiliated group required to file a consolidated tax return?

Are there advantages and/or disadvantages for filing a consolidated tax return?

If you were asked for your advice, would you recommend the filing of a consolidated tax return? Why or why not?

Related Book For answer-question

Taxes and Business Strategy A Planning Approach

ISBN: 9780132752671

5th edition

Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon

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Posted Date: Nov 07, 2018 12:40 AM

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What is the difference between a consolidated group and an affiliated group? Is an affiliated group required

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Expert Answer:

There is no difference between two and both mean the same This means a main company and its subsida... View the full answer

Taxes and Business Strategy A Planning Approach

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