_____ To file a consolidated tax return, a subsidiary must be directly or indirectly
A) 100% owned.
B) 100% owned and a domestic subsidiary.
C) 80% or more owned.
D) 80% or more owned and a domestic subsidiary.

Question

Quizplus · Accepted Answer

To file a consolidated tax return, a subsidiary must be 80% or more owned and it must be a domestic subsidiary. This requirement ensures that the parent company has significant control over the subsidiary and that the tax consolidation rules apply to entities within the same country.

_____ to File a Consolidated Tax Return, a Subsidiary Must