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PC group stands for Controlled Persons group, which is a group of entities that are required to file a combined tax return.
Any group of entities that meet the criteria set by tax authorities for being a Controlled Persons group.
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.
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.
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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