_____ Which of the following is not an advantage of filing a consolidated tax return?
A) The possibility of being able to use a subsidiary's excess tax credits.
B) The deferral of intercompany profits on the intercompany transactions.
C) The offsetting of loss operations against profitable operations.
D) The simplicity of the tax consolidation rules.

Question

Quizplus · Accepted Answer

The simplicity of the tax consolidation rules is not considered an advantage of filing a consolidated tax return. In fact, tax consolidation rules can be complex and challenging to navigate, which contrasts with the benefits like utilizing excess tax credits, deferring intercompany profits, and offsetting losses against profits.

_____ Which of the Following Is Not an Advantage of Filing