CFR > Title 26 > Chapter I > Subchapter A > Part 1 > Computation of Consolidated Taxable Income
Current as of: 2024 | Check for updates
|
Other versions
| § 1.1502-11 | Consolidated taxable income |
Terms Used In CFR > Title 26 > Chapter I > Subchapter A > Part 1 > Computation of Consolidated Taxable Income
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- corporation: includes associations, joint-stock companies, and insurance companies. See 26 CFR 36.3121(l)(1)-1
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1