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There are advantages and disadvantages to filing a consolidated return. Research the various resources you have...

There are advantages and disadvantages to filing a consolidated return. Research the various resources you have available and identify an example of when a consolidated return has been advantageous to a group and when consolidation status has not worked to the group’s advantage

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Answer #1

Answer : consolidated Returns is adopted in case of a company has subsidiary company

First the main advantage of the consolidated Returns filling is to know the overall position of the company

Second in case of tax matters to setoff loss from subsidiary so tax benefits will be more compared to individual Return

Third offset of profits of one company angainst operating losses of others

However their are certain disadvantages are

It doesn't show correct position of individual ones so corrective action in case loss sustained one'sto improve it

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