LO.5 Lavender and Azure began to file a calendar year consolidated return for tax year 2010. The

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LO.5 Lavender and Azure began to file a calendar year consolidated return for tax year 2010. The group never extends the due date of its tax returns. Lavender acquires all of the stock of Rose on January 1, 2011, and immediately joins the consolidated group. All of the Rose stock is sold to another investor at the end of 2013. Explain the significance of the following dates. Which of your answers can change if the taxpayers so elect?

a. March 15, 2011.

b. January 1, 2012.

c. March 15, 2012.

d. January 1, 2019.

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South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts

ISBN: 9781133495574

36th Edition

Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney

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