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NCA J.COMM E M B E R S H I P A P P L I C AT I O N 2 0 2 3 2 0 2 4701 CORPORATE CENTER DR, SUITE 450 RALEIGH, NORTH CAROLINA 27607Please sign additional Section and Division certification forms if
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A combined approach refers to a method of filing that consolidates financial data from multiple entities within a related group, enabling a single submission to tax authorities.
Entities that are members of a consolidated group or that meet specific regulatory criteria for combined reporting are typically required to file using a combined approach.
To fill out using a combined approach, gather the financial statements of all entities within the group, aggregate the relevant figures, and complete the required forms as per the guidelines laid out by the tax authority.
The purpose of using a combined approach is to provide a clearer representation of the financial situation of a group of related entities and to ensure compliance with tax regulations.
Information that must be reported includes consolidated income statements, balance sheets, tax liabilities, and any relevant adjustments among the entities in the group.
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