CCH Tax Day Report
The Tennessee Department of Revenue has updated its list of frequently asked questions related to consolidated net worth election registration. An affiliated group making the consolidated net worth election must list all affiliated group members on their registration application. However, the consolidated net worth election is not available to affiliated groups in which one or more affiliates have a different year end.
Subscribers may view the updated list of frequently asked questions on the department’s website at https://revenue.support.tn.gov/hc/en-us/categories/200196145-Taxes.
Frequently Asked Questions, Tennessee Department of Revenue, March 21, 2017