A public university cannot join in a consolidated return.

Name: A public university cannot join in a consolidated return.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

According to the Internal Revenue Service (IRS), state universities and other public institutions are not permitted to join in a consolidated return with other entities. This is because they are viewed as instrumentalities of the government and not separate entities for tax purposes. Therefore, they must file their own separate tax returns.

A Public University Cannot Join in a Consolidated Return