高级财务会计陈信元chapter10.pptVIP

2 Chapter 10 Income Taxes of Consolidated Entity Required readings: p.358-380 of Chapter 10 1. Income Tax Status of Consolidated Entity 11. Requirement of filing CTR ? normally, C.E. has no taxable identity ? an affiliated group may elect to file CTR Sections 1501-1505 of the IRC: at least 80% of * the voting power of all classes of stock, and * the total value of all outstanding stock of each 12. Advantages of filing CTR 1) losses of one affiliate offset against income 2) intercompany dividends are excluded from taxable income, but it is not unique, because ? affiliated grou