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.
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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.
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Combined reporting means a method of determining business income and apportionment that takes
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Examples of Combined reporting in a sentence

  • This form of Combined reporting was approved by the ICC Accounting and Valuation Board on March 23, 1987, as indicated in Chairman William F.

  • We do not have to add Placeholder for the remaining 6 elements.Question: What is meant by combined reporting?Answer: Combined reporting means the electronic file contains one schedule that can be applied to multiple reports.

  • Combined reporting states -• “Controlled group of corporations” means “combined group” as defined in the state combined reporting statute.

  • Combined reporting states - “Controlled group of corporations” means “combined group” as defined in the state combined reporting statute.

  • Combined reporting is a state tax accounting in which the taxable income of a single or unitary business operating in several states is apportioned among the states.

  • In at least one place, the observers were not allowed to check the decision regarding the void votes.

  • Combined reporting developed as a natural corollary to the unitary business principle.

  • Combined reporting requires certain commonly owned companies engaged in a “unitary” or closely related business (e.g., all companies engaged in a vertically integrated manufacturing, distribution, and retail sales enterprise) to file a single return as if all related entities were a single entity.

  • Combined reporting largely negates these strategies by enabling the state to tax a fair share of the profit shifted into a related, out-of-state corporation.

  • Combined reporting has been suggested as a method to increase the equity of Iowa’s corporate income tax system.


More Definitions of Combined reporting

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,
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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
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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.
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Combined reporting means the corporate taxation framework under which a corporation must report on its Rhode Island corporate income tax return not only
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Combined reporting means the same as its definition set forth in the Division’s Combined Reporting regulation (Part 10 of this Subchapter).
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Related to Combined reporting

  • Day reporting means a program of enhanced supervision

  • Extended Reporting Period means a designated period of time after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period.

  • Tax Returns means any and all reports, returns, declarations, claims for refund, elections, disclosures, estimates, information reports or returns or statements required to be supplied to a taxing authority in connection with Taxes, including any schedule or attachment thereto or amendment thereof.

  • Consolidated Return means any Tax Return relating to Income Taxes filed pursuant to Section 1502 of the Code, or any comparable combined, consolidated, or unitary group Tax Return relating to Income Taxes filed under state or local tax law which, in each case, includes IDT and at least one subsidiary.

  • Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Quarterly reporting period means the three-month period covered by each