2-Day Program

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Overview

Why You Should Attend

A fundamental understanding of the consolidated return rules is critical for tax professionals who practice in the corporate tax area. This is particularly the case for those involved in mergers and acquisitions, as the consolidated return rules frequently change the otherwise applicable tax consequences of transactions. This year’s program will provide participants with a strong foundation for understanding the primary consolidated return provisions that are frequently encountered in practice. Leading private practitioners in the field and government officials responsible for drafting the regulations will explain the fundamentals and key nuances of these rules.

What You Will Learn

After completing this program, participants will be able to:

  • Understand basic consolidated return principles
  • Make the election to file a consolidated return
  • Identify transactions affecting the continuation of a consolidated group
  • Navigate the special rules for intercompany transactions
  • Understand the rules affecting losses on the disposition of subsidiary stock
  • Apply the principles of calculating consolidated taxable income and loss, including limitations on the utilization of certain consolidated tax attributes
  • Properly adjust basis in subsidiary stock, calculate earnings and profits (E&P) within the consolidated group, and determine the consequences of excess loss accounts

Who Should Attend

This course is designed for both private practitioners and in-house tax counsel seeking to gain a better understanding of the nuts and bolts of the consolidated return rules, with a focus on their application to M&A and other transactions.


Program Level: Overview

Intended Audience: Attorneys at law and accounting firms and in-house tax counsel seeking an introduction to the mechanics of the consolidated tax return regulations.

Prerequisites: An interest in exploring the basics of the consolidated tax return regulations.

Advanced Preparation: None

Credit Details

Schedule & Location

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