Consolidated Net Operating Losses and Consolidated Tax Returns

• Imagine that a client is pursuing the acquisition of Corporation A that has a
  substantial net operating loss. Corporation B is a member of the controlled
  group and is currently included in the consolidated tax return that also has a
  net operating loss. Analyze the potential advantages and disadvantages of
  Corporation B’s acquisition of Corporation A and Corporation A’s subsequent
  inclusion in Corporation B’s consolidated tax return. Suggest the key tax issues
  the client should consider in determining the deductibility of the net operating
  losses.

• Imagine that corporations P, S, and C are members of a parent-subsidiary
  controlled group filing a consolidated tax return. Corporations A and B are
  members of a brother-sister controlled group that cannot file a consolidated tax
  return. Design a strategy geared toward creating an affiliated group which makes
  Corporations A, B, P, S, and C all eligible to file a consolidated tax return.

These are small paragraph discussions question and that’s due next week that’s why the payment is low.