Fundamentals of Consolidated Returns
Learning objectives

After completing this course, the learner should be able to:

  • Explain the advantages and disadvantages of consolidating
  • Determine whether a group of corporations is eligible for consolidation
  • Explain the compliance requirements for consolidated groups
  • Compute consolidated income, intercompany eliminations, and NOL limitations
  • Identify items computed at the consolidated level
  • Explain how tax payments are allocated among members of an affiliated group
  • Compute changes in subsidiary stock basis

Instructor bio

Janelle Wilson Simpson worked for Deloitte Tax in London, England and Seattle, WA as a Tax Manager. She taught as an Adjunct Professor at Utah Valley University. She now provides tax consulting and compliance services independently.
National Registry of CPE Sponsors

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:

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

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