Consolidated Tax Return | Income Tax Course | CPA Exam REG
Channel: Farhat Lectures. The # 1 CPA & Accounting Courses
Date: 2019-12-02

In this session, I cover consolidated tax return. A consolidated tax return is a corporate income tax return of an affiliated group of corporations, who elect to report their combined tax liability on a single return.  A consolidated tax return reports the income or loss of the parent for the entire year but only a portion of the year for which any affiliate belonged to the group is reported on the consolidated return.

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