This text is a comprehensive resource on the theory and practice of tax planning and compliance for consolidated groups. It is a guide to asking the right questions, defining the options, and helping clients maximize their tax savings and plan more advantageous financial positioning. It provides model returns and case studies illustrating the practical applications of consolidated tax returns. It also provides background and understandable explanations of regulations for the new practitioner and real-life fact patterns for experienced practitioners struggling with issues that the regulations do not directly address.