Hi,

Please see the attached document. There are 2 basic questions.

Please keep the document in the same format.

Thanks,

K

Topic 1: How do the stock ownership requirements for an affiliated group of corporations differ from those for a controlled group? Topic 2: An affiliated group has a consolidated NOL for the current year. What factors could determine whether it would be advantageous or disadvantageous for the group to elect to forgo the carryback of the consolidated NOL