Why do companies that file consolidated tax returns often choose to allocate tax expense to the individual affiliates? Explain.© BrainMass Inc. brainmass.com June 4, 2020, 4:13 am ad1c9bdddf
Businesses that report their results as a consolidated group and so have a consolidated tax provision, also often prepare stand-alone or "carve out" separate financial statements for individual companies in the consolidated group or subsets of the consolidated group. Southern Company (SO) owns several ...
Your discussion is 156 words and a reference and gives reasons for consolidated tax returns.