Consolidated Tax Returns: A Two-Day Workshop


This practical two-day seminar will introduce you to the hows, whys and whens of the federal consolidated tax return system. You'll gain the know-how to achieve the benefits and avoid the pitfalls of the system. You'll also:

  • Analyze the technicalities from the initial election through termination of the group
  • Maximize the advantages and minimize the disadvantages of filing consolidated tax returns
  • Understand basis adjustment and intercompany transaction rules
  • Gain hands-on practice as you work through a variety of case studies



To arm tax practitioners with the technical knowledge and practical skills to deal with the intricacies of the federal consolidated tax return system. You'll become familiar with the basis adjustment and intercompany transaction rules, as well as how the consolidated net operating rules—including the Overlap Rule—affect the Separate Return Limitation Year (SRLY) and Section 382 rules. And you'll put theory into practice as you work with realistic case studies.

  • An overview of the federal consolidated tax return system
  • Establishing the existence of an affiliated group
  • Determining the tax year of the group and its members
  • Understanding the basis adjustment rules and excess loss accounts
  • Exploring the complex intercompany transaction rules
  • Understanding the consolidated loss system
    – Basic consolidated NOL rules
    – SRLY rules
    – Section 382
    – The Overlap Rule
  • Computing earnings and profits and allocating the consolidated tax liability



No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: