WEST CH 8 SOLUTIONS (2007)

WEST CH 8 SOLUTIONS (2007) - Path...

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Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-008_V2-SM.3d Date: 13th April 2006 Time: 10:16 User ID: 40520 CHAPTER 8 CONSOLIDATED TAX RETURNS SOLUTIONS TO PROBLEM MATERIALS Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 1 Motivations to consolidate Unchanged 1 2 Events triggering a consolidation decision Unchanged 2 3 Consolidated return rules and tax neutrality Unchanged 3 4 Advantages/disadvantages of consolidating Unchanged 4 5 Requirements for consolidation Unchanged 5 6 Advantages of consolidation Unchanged 6 7 Advantages of consolidation Unchanged 7 8 Eligible and ineligible corporations Modified 8 9 Compliance requirements: election Unchanged 9 10 Compliance requirements: de-consolidation Unchanged 10 11 Compliance aspects Unchanged 11 12 Consolidated tax accounting Unchanged 12 13 Subsidiary stock basis Unchanged 13 14 Intercompany transactions Unchanged 14 15 NOLs used on a consolidated return Unchanged 15 16 Use of NOLs Unchanged 16 17 Apportioned NOLs after de-consolidation Unchanged 17 18 Consolidated NOLs New 19 Group-basis items New 20 Intercompany sales New 21 Intercompany sales Unchanged 21 22 Intercompany sales Unchanged 22 23 Intercompany sales Unchanged 23 24 NOLs and de-consolidation Unchanged 24 25 Choosing not to file consolidated Unchanged 25 *26 Intercompany transactions: tax versus book Unchanged 26 27 Consolidated group partners Unchanged 27 *28 Tax effects of affiliated group Modified 28 *29 Eligibility to consolidate Unchanged 29 30 Tax attributes of controlled group Unchanged 30 31 Electing consolidated filing status Modified 31 8-1
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Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-008_V2-SM.3d Date: 13th April 2006 Time: 10:16 User ID: 40520 Question/ Problem Topic Status: Present Edition Q/P in Prior Edition *32 AMT effects, separate and group basis computation Modified 32 *33 Tax-sharing agreements Unchanged 33 *34 Tax-sharing agreements Unchanged 34 *35 Stock basis Modified 35 36 Consolidated taxable income Unchanged 36 *37 Intercompany eliminating entries: services, interest Unchanged 37 38 NOLS and de-consolidation Unchanged 38 39 SRLY and the § 382 overlap rule Unchanged 39 40 SRLY limitations Unchanged 40 *41 Matching rule Unchanged 41 Research Problem 1 Group’s NOL deduction Unchanged 1 2 De-consolidation of a consolidated group Unchanged 2 3 Extending consent period Unchanged 3 4 Internet activity Unchanged 4 5 Internet activity Modified 5 6 Internet activity Modified 6 7 Internet activity Unchanged 7 8 Internet activity Unchanged 8 9 Internet activity Unchanged 9 *The solution to this problem is available on a transparency master. 8-2 2007 Corporations Volume/Solutions Manual
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Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-008_V2-SM.3d Date: 13th April 2006 Time: 10:16 User ID: 40520 CHECK FIGURES 26.b. LittleCo, no effect. 26.c. Big, $50,000 gain. 28.a. Separate, $1 million DRD is allowed.
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This homework help was uploaded on 04/06/2008 for the course ACC 355 taught by Professor Mears during the Spring '07 term at Delaware County CC.

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WEST CH 8 SOLUTIONS (2007) - Path...

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