TITLE

Single versus Separate Entity Treatment for Illinois Combined Groups -- Does the Joyce Rule Apply?

AUTHOR(S)
Stocker, Brian L.
PUB. DATE
September 2004
SOURCE
Journal of State Taxation;Fall2004, Vol. 23 Issue 2, p67
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the application of Joyce rule in single versus separate entity treatment for Illinois combined groups. Section 502(e) of the Illinois Income Tax Act specifically requires single entity treatment for certain corporate members of a unitary business group or a combined group, stating that such members shall be treated as one taxpayer for purposes of the determination and assessment of the group's tax liability under the Act. Members of a combined group must calculate their tax liability as a single taxpayer on a single combined return.
ACCESSION #
15117894

 

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