Question: 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

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?

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