V2-SM_ch 08

V2-SM_ch 08 - CHAPTER 8 CONSOLIDATED TAX RETURNS SOLUTIONS...

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CHAPTER 8 CONSOLIDATED TAX RETURNS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1 Motivations to consolidate Unchanged 1 2 LO 1 Events triggering a consolidation Unchanged 2 decision 3 LO 2 Consolidated return rules Unchanged 3 4 LO 2 Book versus tax treatment of affiliates New 5 LO 3 Advantages/disadvantages of Unchanged 4 consolidating 6 LO 3, 4 Requirements for consolidation Unchanged 5 7 LO 3, 10 Advantages of consolidation Unchanged 6 8 LO 3, 10 Advantages of consolidation Unchanged 7 9 LO 4 Eligible and ineligible corporations New 10 LO 5 Compliance requirements: election Unchanged 9 11 LO 5 Compliance requirements: Unchanged 10 de-consolidation 12 LO 5 Compliance aspects Unchanged 11 13 LO 5 Tax allocation methods Unchanged 12 14 LO 5 Consolidated tax accounting Unchanged 13 15 LO 6 Subsidiary stock basis Unchanged 14 16 LO 6 Excess loss account Unchanged 15 17 LO 6 Unchanged 16 18 LO 6 Consolidated taxable income Unchanged 17 19 LO 7 Intercompany transactions Unchanged 18 20 LO 7 Intercompany transactions New 21 LO 8 NOLs used on a consolidated return Unchanged 19 22 LO 8 Use of NOLs Unchanged 20 23 LO 8 Apportioned NOLs after Unchanged 21 de-consolidation 24 LO 8 Consolidated NOLs Unchanged 22 25 LO 9 Group-basis items Unchanged 23 Instructor : For difficulty, timing, and assessment information about each item, see p. 8-3. 8-1
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8-2 2011 Corporations Volume/Solutions Manual Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 26 LO 9, 10 Intercompany sales Unchanged 24 27 LO 9 Intercompany sales Unchanged 25 28 LO 9 Intercompany sales Unchanged 26 29 LO 9, 10 NOLs and de-consolidation Unchanged 27 30 LO 10 Choosing not to file consolidated Unchanged 28 31 LO 10 Documentation requirements New *32 LO 2 Intercompany transactions: tax versus Unchanged 29 book 33 LO 3, 9 Consolidated group partners Unchanged 30 34 LO 3, 5 Consolidated group partners Unchanged 31 *35 LO 3 Tax effects of affiliated group Unchanged 32 36 LO 3 Tax effects of affiliated group New *37 LO 3, 4 Eligibility to consolidate Unchanged 33 38 LO 5 Tax liabilities of controlled group Unchanged 34 39 LO 5 Consolidated estimated taxes Modified 35 *40 LO 5 Tax-sharing agreements Unchanged 36 *41 LO 5 Tax-sharing agreements Unchanged 37 *42 LO 5 AMT effects, separate and group basis Modified 38 computation *43 LO 6 Stock basis Unchanged 39 44 LO 6 Stock basis New 45 LO 6 Excess loss account New 46 LO 7 Consolidated taxable income Unchanged 40 *47 LO 7, 8 Consolidated taxable income Unchanged 41 48 LO 8 NOLS and de-consolidation Unchanged 42 49 LO 8 SRLY and the § 382 overlap rule Unchanged 43 50 LO 8 SRLY limitations Unchanged 44 *51 LO 9 Matching rule Unchanged 45 *The solution to this problem is available on a transparency master. Instructor
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  • Spring '10
  • SMITH
  • Taxation in the United States, Consolidated GROUP, Reflective Thinking Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic

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V2-SM_ch 08 - CHAPTER 8 CONSOLIDATED TAX RETURNS SOLUTIONS...

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