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What is pc group?
PC group stands for Controlled Persons group, which is a group of entities that are required to file a combined tax return.
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Any group of entities that meet the criteria set by tax authorities for being a Controlled Persons group.
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The pc group is typically filled out by gathering financial information from each entity in the group and aggregating it for the combined tax return.
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The purpose of pc group is to simplify the tax reporting process for related entities and to ensure that income is properly attributed within the group.
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The pc group report must include financial information such as revenue, expenses, profits, and losses for each entity in the group.
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