18Jul
Let’s make a deal: New NOL regulations provide M&A relief for consolidated groups seeking to utilize CARES Act NOL carryback provisions
On July 2, 2020, the IRS issued proposed and temporary regulations under section 1502 that implement certain statutory amendments made by the Tax Cuts and Jobs Act (TCJA) and Coronavirus Aid, Relief, and Economic Security Act (CARES) Act. Generally, the regulation package addresses the absorption of consolidated net operating loss (NOL) carryovers and carrybacks by consolidated groups under the TCJA and CARES Act....
By:
Eversheds Sutherland (US) LLP
Related
AB Stable VIII LLC v. MAPS Hotels and Resorts One LLC, C.A. No. 2020-0310-JTL (Del. Ch. Nov. 30, 202...
Read More >
The override of former President Trump's veto of the National Defense Authorization Act of 2021 resu...
Read More >
Following recent histrionics from the White House, ByteDance, “the Chinese internet giant that owns...
Read More >
On October 8, 2019, the United States Supreme Court heard two oral arguments in three highly anticip...
Read More >
On January 9, 2020, U.S. Citizenship and Immigration Services (USCIS) formally announced that the mu...
Read More >
On August 7, 2019, U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigation...
Read More >