The local CPA Society is presenting its annual tax conference. Most of the attended will be career tax professionals who work with smaller clients. You have been asked to submit an outline for your talk "When to Use a Consolidated Tax Return: Federal Tax Law Issues." Organize an outline that lists the advantages and disadvantages of a consolidation election. Include eat least five points in each category. Keep your point sat the introductory level, as most of the members of your audience know the rest of the tax law well but do not work regularly in this area.