- NY Credits : 3.0
- TX Credits : 3.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 3.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 3.0
This course introduces the computation of taxable income for the purpose of filing a consolidated tax return. Taxable income for a consolidated group includes both the computation of separate taxable income or loss as well as the consolidated taxable income or loss. The regulations include provisions addressing dual consolidated losses as well. This course presents the applicable Sections of the Code to address the computation and reporting by a consolidated group its separate taxable income or net operating loss as well as the consolidated amounts.
Upon successful completion of this course, the user should be able to:
recognize the regulations and calculations pertaining to members of a consolidated group for the computation of its separate taxable income or net operating loss; and
identify the regulations for a consolidated group related to the computation of its taxable income.