Course Information

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Consolidated Returns: Determining Whether to File
Author: CCH Editorial Staff

Description:
An affiliated group's decision to file a consolidated return can have significant tax effects for a long period. This course's discussion of relevant factors provides a valuable knowledge base for making this decision. Consolidated Returns: Determining Whether to File begins by providing an overview of the factors influencing an affiliated groups decision to file a consolidated return. Other topics covered include:

  • Consolidated vs. separate returns
  • Complexity of the consolidated return rules
  • Restricted ability to discontinue filing consolidated returns
  • Treatment of losses
  • Effect of consolidation on deductions and credits subject to limitations
  • Treatment of Section 1231 gains and losses
  • Treatment of capital gains and losses
  • Foreign subsidiaries and foreign tax credits
  • Intercompany transactions
  • Adjustments to stock basis and earning and profits
  • Tax years and accounting methods
  • Ability to aggregate stock ownership
  • Personal holding company status
  • Minority shareholders of subsidiaries and creditors of subsidiaries in bankruptcy
  • State tax considerations

Course Details:
Price:  FREE
Advanced Preparation:  None
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Library:
Learning Center Core

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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This course has not been preapproved for continuing education credit.

Since Continuing Education requirements vary from state to state and are subject to change without notice, please contact your licensing body for information on your CPE requirements and the applicability of this course to meet those specifications.
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