TAX 9866 Lecture Notes - Lecture 78: The Trump Building, Alliedsignal, Commercial Paper
Document Summary
Say that in california the jet engines division has apportionment of 100% and the lint division has apportionment of 0%. Which is the optimal filing position one or two unitary businesses? in cali: tp would wanna file sep nonunitary and report only 500k loss. and receive nol of 500k: other company isn"t in cali. Say that consolidated lint inc. decided that instead of diversifying into jet engines, it decided to stick with what it knew and developed a line of stuffed animals which it sold to stores. 70 percent of the company"s lint production was utilized by the. Toy division to fill in the stuffed animals. Is it likely or not likely that these to divisions constitute a single unitary business? vertically integrated unit biz one is selling to another single unitary biz. In 2019, the treasury unit of consolidated lint (located at its company headquarters at 40 wall street) purchased 1 percent of the outstanding stock of augo.
