Consolidated Tax Return
/kənˈsɒlɪdeɪtɪd tæks rɪˈtɜrn/
Definitions
- (n.) A single tax return filed by a parent company reporting income, deductions, and credits for itself and its subsidiaries as a group.
The corporation filed a consolidated tax return to report the combined income of all its subsidiaries.
Forms
- consolidated tax return
Related terms
See also
Commentary
Use 'consolidated tax return' carefully to distinguish from separate returns; proper aggregation rules apply under tax law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.