Practical Guide to Consolidated Returns (2nd Edition)Topics and Contents |
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| Chapter 1: Consolidated Returns at a
Glance |
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| Consolidate Returns Practice and Overview |
| FAQs |
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| Chapter 2: Filing Consolidated Returns |
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| Eligibility for Filing Consolidated Returns |
| Advantages and Disadvantages of Filing Consolidated Returns |
| Consolidated Taxable Income |
| Consolidated Tax Liability |
| FAQs |
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| Chapter 3: Stock Basis System |
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| Investment Adjustments |
| Excess Loss Accounts and Their Recapture |
| Disposition-Year Anti-Circular Basis Rule |
| Asset Consistency Rules |
| FAQs |
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| Chapter 4: Loss Disallowance
System |
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| Reg. §1.1502-20 |
| Reg. §1.337(D)-2T |
| Proposed Anti-Loss Duplication Regulations |
| FAQs |
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| Chapter 5: Loss and Credit Limitation
Systems |
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| Code Sec. 382 Limitation and Elimination of Separate Return Limitation Year Limitation for Most New Loss Members
And Loss Subgroups Joining a Consolidated Group |
| Successive Ownership Changes and Restructuring of Loss Subgroup |
| Net Capital Loss and Credit Utilization System |
| FAQs |
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| Chapter 6: Earnings and Profits
System |
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| Tiering-Up of Earnings and Profits |
| Earnings and Profits Stock Basis |
| Allocation of Federal Income Tax Liability |
| Changes in the Structure of the Group |
| Elimination of Earnings and Profits Upon Deconsolidation |
| FAQs |
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| Chapter 7: Continuation of the Consolidated
Group |
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| Continued Filing Requirement and Election To Discontinue |
| When a Group Remains in Existence |
| Reverse Acquisitions |
| Creating a Holding Company Without Terminating the Group |
| FAQs |
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| Chapter 8: Subsidiary Joining or Leaving the Consolidated
Group |
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| Basic Accounting |
| FAQs |
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| Chapter 9: Conclusion |
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| Practice Tools: |
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| Election To Waive Loss Carryovers from Separate Return Years |
| Election of Loss Disallowance Rules |
| Statement of Allowed Loss Under Reg. §1.1502-20(C) |
| Statement of Allowed Loss Under Reg. §1.337(D)-2T(C) |
| Election To Reattribute a Subsidiary's Losses To the Common Parent |
| Election To Apportion the Subgroup Code Sec. 382 Limitation |
| Election of Basic Method |
| Election of Complementary Method |
| Election To Change Basic or Complementary Method |
| Election To Ratably Allocate Income and Deductions of Subsidiary |