Examples of Consolidated Tax Liability in a sentence
Consolidated Tax Liability 1.1502–2 Computation of tax liability.
If the Affiliated Group’s Consolidated Tax Liability is for the Regular Tax, the Affiliate’s share of such Tax shall be equal to its Regular Tax Liability, computed on a Separate Return Basis, after taking into account all Consolidated Tax Attributes available to such affiliate to reduce its Separate Tax Liability.
Each affiliate shall be responsible for and shall reimburse the Paying Entity for its share of the Affiliated Group’s Consolidated Tax Liability.
Greater integration of the spot and future markets by encouraging higher participation by the farmers is necessary, so that the futures markets perform the function of price discovery more effectively, and the intended beneficiaries are able to use the market to hedge risks.
If the Affiliated Group’s Consolidated Tax Liability is for the AMT, the Affiliate’s share of such Tax shall be the amount of AMT for which the Affiliate would be liable if computed on a Separate Return Basis (and without regard to the Regular Tax for such Taxable Year), after taking into account all Consolidated Tax Attributes available to such Affiliate to reduce AMT.