[tomq04]

First off i’m using CPA Excel, which i liked for REG…and i’m so so regarding FAR.

I’m understanding (at least a little bit) about inter company transactions. My question is what is the tax treatment of inter company transactions? Is it irrelevant since each company files their own return?

Just curious, thanks.

TQ

REG- (1) 76
FAR- (2) 64, (5)74, (7)83 (Over achiever!)
AUD- (3) 70, (4) 75
BEC- (6) 75

[Whopper Warrior]

The tax effects of inter company transactions can vary widely but usually do create a Deferred Tax Asset. I would be less worried about tax consequences and more on understanding how the elimination process works; however I am not saying to completely ignore it.

https://www.pwc.com/us/en/tax-accounting-services/assets/income_tax_accounting_transactions.pdf

ALL 4 parts passed summer 13
Ethics October 13
Experience (waiting)

Becker Only

[tomq04]

Frankly i'm not worried at all as it was never really mentioned. It had just dawned on me that there was likely some consequences.

Thanks

I would appreciate more info from others if it's out there.

REG- (1) 76
FAR- (2) 64, (5)74, (7)83 (Over achiever!)
AUD- (3) 70, (4) 75
BEC- (6) 75

[Author]

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