12-Hour Program

See Credit Details Below

Overview

Consolidated Tax Return Regulations 2020

Why You Should Attend
During the past twenty-seven years, the Department of the Treasury and the Internal Revenue Service have substantially revised the consolidated return regulations. These changes, coupled with recent legislative developments, judicial decisions, and published and private rulings, have dramatically changed the operating rules of consolidated returns. An understanding of these rules is critical for practitioners and corporate tax counsel who practice in this area. This program explores the policy and mechanics of these rules and regulations, including the impact of recently enacted tax reform legislation. Leading private practitioners in the field and government officials responsible for drafting the regulations will explain the latest developments.

Topics Include:
• How tax reform affects and interacts with the rules in the consolidated return regulations
• The Third Circuit decision in Duquesne Light Holdings and the Ilfeld doctrine
• ILM 201726012 and the interaction of the consolidated return regulations and Subchapter K
• The impact of the Marvel decision on the investment adjustment rules
• The unified loss rules’ impact on corporations filing consolidated returns, including selling stock of a subsidiary member anticipating a loss, and buyers acquiring subsidiary stock from a selling consolidated group
• The ways in which the economic substance doctrine affects consolidated returns
• The interplay between the intercompany transaction provisions and the controlled group rules of Section 267(f)
• The ways in which the cancellation of debt (COD) provisions interact with the intercompany transaction rules

Who Should Attend
This course is designed for both private practitioners and in-house tax counsel seeking a deeper understanding of the mechanics of the consolidated tax return regulations and the latest developments in this complex area of the law.

Program Level – Overview 

Intended Audience - Attorneys at law and accounting firms and in-house tax counsel seeking a deeper understanding of the mechanics of the consolidated tax return regulations.

Prerequisites – Familiarity with the consolidated tax return regulations.

Advanced Preparation – None



Lecture Topics [Total time 00:14:30]

Segments with an asterisk (*) are available only with the purchase of the entire program.


  • Opening Remarks* [00:02:55]
    Mark J. Silverman
  • Investment Adjustments and Related Issues [01:49:36]
    William S. Dixon, Gregory N. Kidder, Joseph M. Pari, Mark J. Silverman
  • Affiliation, Reverse Acquisitions and Accounting Issues [01:30:22]
    Gerald B. Fleming, William A. Curran, Martin Huck, Thomas F. Wessel
  • “Picnic Lunch” Presentation: Current Developments at the Internal Revenue Service [00:44:04]
    Michael J. Desmond
  • Intercompany Transactions [02:44:39]
    Marie C. Milnes-Vasquez, Andrew J. Dubroff, Gordon E. Warnke, Michael J. Wilder
  • Acquisition and Separation Issues in Consolidation [01:32:52]
    Robert H. Wellen, Karen Gilbreath Sowell, Lisa M. Zarlenga, Mark J. Silverman
  • Tax Attributes and Consolidation [01:44:05]
    William D. Alexander, Stuart J. Goldring, Mark R. Hoffenberg, Marie C. Milnes-Vasquez
  • Unified Loss Rules [01:31:12]
    Justin O. Kellar, Audrey Nacamuli Charling, Bryan P. Collins, Michael L. Schler
  • Consolidated Group Joint Ventures, Including One-Party Limited Liability Companies (LLCs) [01:15:27]
    Jeffrey A. Erickson, Craig A. Gerson, Lawrence M. Axelrod

The purchase price of this Web Program includes the following articles from the Course Handbook available online:


  • Complete Course Handbook
  • Investment Adjustments and Related Issues (PowerPoint slides)
    Gregory M. Kidder,Mark J. Silverman,William S. Dixon,Joseph M. Pari
  • The Consolidated Return Investment Basis Adjustment Rules—Study Problems
    Gregory M. Kidder,Mark J. Silverman,William S. Dixon,Joseph M. Pari
  • The Consolidated Return Investment Basis Adjustment Rules
    Mark J. Silverman
  • Why Marvel Was Wrongly Decided and Its Impact in Consolidation
    Mark J. Silverman
  • The Consolidated Group: Continuation and Termination Issues
    Thomas F. Wessel,Jeffrey L. Vogel,Jeffrey G. Davis
  • Group Continuation Rules/Continued Filing Requirement (PowerPoint slides)
    Thomas F. Wessel,Jeffrrey L. Vogel
  • Intercompany Transaction Regulations: An Overview Outline
    Andrew J. Dubroff
  • The Regulations Governing Intercompany Transactions Within Consolidated Groups
    Mark J. Silverman
  • Intercompany Transaction Problems
    Mark J. Silverman
  • Comparison of the Intercompany Obligation Rules under Former Treas. Reg. § 1.1502-13(g) (1995), Former Prop. Treas. Reg. §1.1502-13(g) (1998), and Treas. Reg. §1.1502-13(g) (2008)
    Mark J. Silverman
  • Current Developments in Tax-Free and Taxable Acquisitions and Separations (PowerPoint slides)
    Mark J. Silverman,Stacey L. Greenblatt
  • Current Developments in Tax-Free Corporate Reorganizations
    Mark J. Silverman
  • Corporate Divisions under Section 355
    Lisa M. Zarlenga,Mark J. Silverman
  • The Section 355(d) Regulations: Narrowing the Scope of an Overly Broad Statute
    Mark J. Silverman,Lisa M. Zarlenga
  • The Fourth Time’s a Charm—Temporary Section 355(e) Regulations Provide Helpful Guidance to Taxpayers
    Mark J. Silverman,Lisa M. Zarlenga
  • Final Section 355(e) Plan Regulations— The Final Chapter in the Saga
    Mark J. Silverman,Lisa M. Zarlenga
  • “Spin-Offs”: The Anti-Morris Trust and Intragroup Spin Provisions
    Lisa M. Zarlenga,Mark J. Silverman
  • Proposed Regs Modify Device and Active Trade or Business Analysis
    Mark J. Silverman
  • Spinoffs: Continuing Relationships between Distributing and Controlled (May 12, 2016)
    Mark J. Silverman
  • Recent Developments in the Step Transaction Doctrine
    Mark J. Silverman,Stacey L. Greenblatt
  • The Pre-Reorganization Continuity of Interest Regulations
    Mark J. Silverman
  • Continuity of Interest and Continuity of Business Enterprise Regulations
    Mark J. Silverman
  • Assessing the Value of the Proposed “No Net Value” Regulations
    Gregory N. Kidder,Mark J. Silverman,Lisa M. Zarlenga
  • Section 338
    Mark J. Silverman
  • Section 338(h)(10)
    Mark J. Silverman
  • Acquisition and Separation Issues in Consolidation (PowerPoint slides)
    Eric Solomon,Mark J. Silverman,Lisa M. Zarlenga,Robert H. Wellen,Karen Gilbreath Sowell
  • Section 382
    Mark J. Silverman,Stacey L. Greenblatt
  • The Section 382 Consolidated Return Regulations
    Mark J. Silverman
  • Section 382: Fluctuation in Value
    Mark J. Silverman
  • Consolidated Attribute Reduction Regulations (June 15, 2019)
    Stuart L. Goldring,Linda Z. Swartz
  • Life After the Final Regulations: Consolidated Section 382 and SRLY (June 15, 2019)
    Stuart L. Goldring
  • Application of Cancellation of Debt Rules to Consolidated Groups (June 15, 2019) (PowerPoint slides)
    Stuart L. Goldring
  • Acquisitions and Restructurings Involving Troubled Companies: Consolidated Section 382 (October 15, 2019)
    Mary Fung,Mark Hoffenberg,Stuart J. Goldring,William Alexander
  • The Consolidated Unified Loss Rules
    Mark J. Silverman
  • Consolidated Return Issues for Buyers and Sellers in M&A Transactions (October 2019)
    Michael L. Schler
  • Section 384 of the Internal Revenue Code of 1986
    Mark J. Silverman
  • A New Form of Obscenity? Sorting through the Federal Circuit’s “We Know It When We See It” Ruling in Coltec
    Gregory N. Kidder,Mark J. Silverman
  • The Future of Tax Planning? From Coltec and “You Know It When You See It” to Schering-Plough and “Assimilation with Applicable Tax Laws”
    Mark J. Silverman,Amanda P. Varma
  • Use of Limited Liability Companies in Corporate Transactions
    Mark J. Silverman,Lisa M. Zarlenga

Presentation Material


  • Investment Adjustments & Related Issues
    William S. Dixon, Gregory N. Kidder, Joseph M. Pari, Mark J. Silverman
  • The Consolidated Return Investment Basis Adjustment Rules - Study Problems Handout
    William S. Dixon, Gregory N. Kidder, Joseph M. Pari, Mark J. Silverman
  • Group Continuation Rules / Continued Filing Requirement
    Thomas F. Wessel
  • Section 1504 Affiliation Issues
    William A. Curran
  • Section 1504(a)(3): 60-Month Prohibition on Rejoining Consolidated Group
    Martin Huck
  • Intercompany Transactions
    Andrew J. Dubroff, Gordon E. Warnke, Michael J. Wilder
  • Acquisition and Separation Issues in Consolidation
    Mark J. Silverman, Karen Gilbreath Sowell, Lisa M. Zarlenga
  • Tax Attributes and Consolidation
    William D. Alexander, Mary Fung, Stuart J. Goldring, Mark R. Hoffenberg
  • Unified Loss Rule
    Audrey Nacamuli Charling, Bryan P. Collins, Marc A. Countryman, Michael L. Schler
  • Consolidated Group Joint Ventures
    Lawrence M. Axelrod, Jeffrey A. Erickson, Craig A. Gerson

During the past twenty-seven years, the Department of the Treasury and the Internal Revenue Service have substantially revised the consolidated return regulations. These changes, coupled with recent legislative developments, judicial decisions, and published and private rulings, have dramatically changed the operating rules of consolidated returns. An understanding of these rules is critical for practitioners and corporate tax counsel who practice in this area. This program explores the policy and mechanics of these rules and regulations, including the impact of recently enacted tax reform legislation. Leading private practitioners in the field and government officials responsible for drafting the regulations will explain the latest developments.

Topics Include:
• How tax reform affects and interacts with the rules in the consolidated return regulations
• The Third Circuit decision in Duquesne Light Holdings and the Ilfeld doctrine
• ILM 201726012 and the interaction of the consolidated return regulations and Subchapter K
• The impact of the Marvel decision on the investment adjustment rules
• The unified loss rules’ impact on corporations filing consolidated returns, including selling stock of a subsidiary member anticipating a loss, and buyers acquiring subsidiary stock from a selling consolidated group
• The ways in which the economic substance doctrine affects consolidated returns
• The interplay between the intercompany transaction provisions and the controlled group rules of Section 267(f)
• The ways in which the cancellation of debt (COD) provisions interact with the intercompany transaction rules

Topics
Corporate tax Tax Consolidated tax returns Regulation, compliance, and enforcement (Tax)

Credit Details