How does a corporation know if combined reporting applies?
The corporation must use combined reporting if three tests are met: • Test 1: The corporation is in a commonly controlled group of corporations see question A4 for details), • Test 2: The corporation and at least one other member of the commonly controlled group are engaged in a unitary business, unless the group chooses to skip Test 2 by making a controlled group election (see question A5 for details), and • Test 3: The corporation meets the “water’s edge” test (see question A6 for details). A4.
Related Questions
- If a corporation is not included in a combined report because it doesn meet the three tests (described in question A3), is it still required to file a Wisconsin return?
- What if a Body Corporate/Owners Corporation applies for an Australian Business Number (ABN) and this is not received by 1 July?
- How does a corporation know if combined reporting applies?
