Combined reporting definition
Combined reporting means the corporate taxation framework under which a corporation must report on its Rhode Island corporate income tax return not only its own income, but also the combined income of the other corporations, or affiliates, that are under common ownership and part of a unitary business.
Combined reporting means a method of determining business income and apportionment that takes into account the business income and apportionment factors of more than a single corporation, and for purposes of this section includes a consolidated return.
Combined reporting means a method of determining business income and apportionment that takes
More Definitions of Combined reporting
Combined reporting generally means the corporate taxation framework under whichthat a corporation must report on its Rhode Island corporate income tax return not only its own income, but also the combined income of the other corporations, or affiliates, that are under common ownership and part of a unitary business. The corporation thus must treat all of its affiliates as if they were one, single company, and combine all of their taxable income into a single pool. The corporation must then use a formula to apportion the amount of the combined income to Rhode Island for tax purposes. The use of a combined report does not disregard the separate identities of the taxpayer members of the combined group; each taxpayer member is responsible for tax based on its taxable income or loss apportioned to Rhode Island. (But see also “Designated Agent” rule in this regulation.) Members of a combined group shall exclude as a member and disregard the income and apportionment factors of any corporation not incorporated in the United States (a “non-U.S. corporation”) if its sales
Combined reporting means the corporate taxation framework under which a corporation must report on its Rhode Island corporate income tax return not only
Combined reporting means a method of determining business in- come and apportionment that takes into account the business income and appor- tionment factors of more than a single corporation, and for purposes of this sec- tion includes a consolidated return.
Combined reporting generally means that a corporation must report on its Rhode Island corporate income tax return not only its own income, but also the combined income of the other corporations, or affiliates, that are under common ownership and part of a unitary business. The corporation thus must treat all of its affiliates as if they were one,
Combined reporting means the same as its definition set forth in the Division’s Combined Reporting regulation (Part 10 of this Subchapter).