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3 Written questions

2 Multiple choice questions

  1. Parent must own at least 80% of subsidiary
  2. Total control
    Common ownership

2 True/False questions

  1. Tax Consequences of Being a Controlled GroupLimited to one set of corporate tax brackets
    One alternative minimum tax exemption and one accumulated earnings credit
    Intercompany losses are treated as related party sales


  2. Common Ownership Test - Brother/Sister Controlled Group.The five common shareholders must own in aggregate 80% or more of the stock of each corporation within the group for certain tax provisions


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