Section 32 Affiliated Groups of Corporations Doing an Interstate Business

• Library: Tax Law 2009

An affiliated group of corporations that files a consolidated federal income tax return for the taxable year may elect to file a consolidated Missouri income tax return. Gen. Motors Corp. v. Dir. of Revenue,
981 S.W.2d 561 (Mo. banc 1998). See Chapter 6 of this deskbook and §8.5 above for a more general discussion of the requirements for filing a consolidated Missouri income tax return. Regulations promulgated by the Director under the specific authority of § 143.431.3(5), RSMo Supp. 2007, provide detailed rules concerning the determination of the consolidated Missouri source taxable income that apply both to qualification to file a consolidated Missouri return and to preparation of the consolidated return in the first and subsequent Missouri consolidated return years. See 12 C.S.R. § 10-2.045(10), (11), and (3) for definitions of the terms “Missouri consolidated...