A situation with two or more organizations that are controlled by the same people or parties, rules that allow the IRS to treat some income, deductions, or credits that are claimed by one as also being claimed by another in order to reflect the true tax liability for the organizations. These rules exist in order to prevent tax evasion by hiding some income in shell companies.
Related information about allocation of income rules:
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Definition of allocation of income rules: A situation with two or more organizations that are controlled by the same people or parties, rules that allow the IRS to ...
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