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Consolidated net operating losses and consolidated tax

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Reference no: EM13766193

Consolidated Net Operating Losses and Consolidated Tax Returns

Respond to the following:

  • Imagine that a client is pursuing the acquisition of Corporation A that has a substantial net operating loss. Corporation B is a member of the controlled group and is currently included in the consolidated tax return that also has a net operating loss. Analyze the potential advantages and disadvantages of Corporation B's acquisition of Corporation A and Corporation A's subsequent inclusion in Corporation B's consolidated tax return. Suggest the key tax issues the client should consider in determining the deductibility of the net operating losses.
  • Imagine that corporations P, S, and C are members of a parent-subsidiary controlled group filing a consolidated tax return. Corporations A and B are members of a brother-sister controlled group that cannot file a consolidated tax return. Design a strategy geared toward creating an affiliated group which makes Corporations A, B, P, S, and C all eligible to file a consolidated tax return.

Reference no: EM13766193

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