Fundamentals of Consolidated Returns
Learning objectives
After completing this course, the learner should be able to:
- Analyze the advantages and disadvantages of filing consolidated tax returns for corporate groups
- Evaluate the eligibility criteria for a group of corporations to file consolidated tax returns
- Describe the compliance requirements and regulatory obligations for consolidated groups
- Calculate consolidated taxable income, including intercompany eliminations and net operating loss (NOL) limitations
- Identify and compute items that must be determined at the consolidated level, such as capital gains, charitable contributions, and dividends-received deductions
- Determine changes in the stock basis of subsidiaries within a consolidated group
- Explain the allocation of tax payments, liabilities, and estimated tax payments among members of an affiliated group
A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823