Consolidated Tax Return
Consolidated Tax Return means:
a return combining the reports of the companies in what the tax law defines as an affiliated group. A firm is part of an affiliated group if it is at least 80% owned by a parent or other inclusive corporation. Former IRC (check if this IRC provision is current here) §§1501-1505.
U.S. and other Developed Countries International Tax Meaning
A combined tax return in the name of the parent company filed by companies organized as a group.
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