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Surgent's Ground Rules for Consolidated Tax Returns (RCTR)
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Corporations are entitled to file their own separate income tax returns, but certain related corporations are entitled to file a consolidated income tax return. This program is a 4-hour examination of the rules relating to preparing corporate income tax returns on a consolidated basis.

11/19/2016
When: Saturday, November 19, 2016
11:00 AM - 2:30 PM
Where: Webinar/Webcast
United States
Contact: April Deneault
801-466-8022


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Acronym RCTR
CPE 4 hours
Category
Taxes
Level Advanced
Vendor Surgent
Who should attend

Tax practitioners who prepare or review consolidated income tax returns

Prerequisite
A basic understanding of the income taxation of corporations
Fees: Early Bird
Standard
Member N/A
$139
Non-Member: N/A
$170

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description:
Corporations are entitled to file their own separate income tax returns, but certain related corporations are entitled to file a consolidated income tax return. A corporate consolidated tax return is a method used to determine the tax liability of a group of affiliated corporations based on the theory that the businesses of the affiliated group represent a single economic enterprise and should be taxed as such. Complex Treasury regulations modify the aggregate results of the consolidated group by providing special rules for certain items and adjusting for intercompany transactions. This program is a 4-hour examination of the rules relating to preparing corporate income tax returns on a consolidated basis.

Major Topics:

  • Advantages and disadvantages of filing on a consolidated basis
  • Eligibility for filing the consolidated return
  • The election
  • Affiliated groups
  • Computation of the Consolidated Tax liability
  • Intercompany transactions
  • Consolidated items
  • Limitations and adjustments due to consolidation
  • Investment in subsidiaries 
  • Operating rules

Objectives:

  • Identify the principal issues associated with preparing a corporate consolidated income tax return
  • Prepare a tax professional to prepare or review a consolidated tax return

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