CCH® AnswerConnect
CCH® AnswerConnect
CA
Jurisdiction:
US
You’re using the U.S. version of CCH® AnswerConnect
CA
Switch to the Canada version of CCH® AnswerConnect
Component Members of Controlled Group document

Component Members of Controlled Group

Liliana Dimitrova, LL.B., LL.M.
Curated by Liliana Dimitrova, LL.B., LL.M.
Senior Writer Analyst, Wolters Kluwer

Overview

A corporation is a component member of a controlled group if it is a member of that group on the group's testing date, which is generally December 31. However, if the corporation has a short tax year, the testing date is the last day of that short tax year. Even if a corporation is not a group member on the group's testing date, it is treated as a component member if it is an additional member. Excluded members or franchised corporations are not considered component members. If a corporation could be found to be a member of more than one group, priority rules apply.

Register for a complimentary trial to unlock this document, plus gain access to so much more, including:

  • Expert insights into the industry’s hottest topics
  • Explanations and guidance on recent tax law changes
  • Real-world examples and helpful practice tools

News

December 30, 2024
News: Federal Tax Day - Current, I.2, Consolidated Return Regulations Revised to Reflect Statutory Changes, Modernize Language, and Enhance Clarity; Previously Withdrawn Consolidated Section 357(c) Regulations Reproposed (T.D. 10018; NPRM REG-134420-10), (Dec. 30, 2024)
December 20, 2024
News: PwC Insights, Key highlights of the final and proposed foreign currency regulations, (Dec. 20, 2024)
July 15, 2024
News: EY Tax Alerts, IRS releases revised draft Form 6765 following public comments (Tax Alert 2024-1365), (Jul. 15, 2024)
July 9, 2024
News: EY Tax Alerts, Thursday, July 11 | New revisions to Form 6765: how they may change taxpayers’ approach to R&D credit claims (2 pm ET) (Tax Alert 2024-1312), (Jul. 9, 2024)
June 28, 2024
News: EY Tax Alerts, Thursday, July 11 | New revisions to Form 6765: How they may change taxpayers' approach to R&D credit claims (2 pm ET) (Tax Alert 2024-1268), (Jun. 28, 2024)

Forms & Instructions

Form 1120

U.S. Corporation Income Tax Return