ImaginethataclientispursuingtheacquisitionofCorporationAthathasasubstantialnetoperatingloss.CorporationBisamemberofthecontrolledgroupandiscurrentlyincludedintheconsolidatedtaxreturnthatalsohasanetoperatingloss.AnalyzethepotentialadvantagesanddisadvantagesofCorporationBsacquisitionofCorporationAandCorporationAssubsequentinclusioninCorporationBsconsolidatedtaxreturn.Suggestthekeytaxissuestheclientshouldconsiderindeterminingthedeductibilityofthenetoperatinglosses.
Imagine that a client is pursuing the acquisition of Corporation A that has a substantial net operating loss

