X
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
Source Url: https://www.jdsupra.com/legalnews/let-s-make-a-deal-new-nol-regulations-47267/

Related

DOL’s First FLSA Opinion Letter Of The Decade Provides A Reminder—And Guidance—For Reconciling Non-Discretionary Bonuses And Overtime Pay

On January 7th, the U.S. Department of Labor’s Wage and Hour Division issued its first Opinion Lett...

Read More >

What Constitutes an Emergency in Public Contracts?

In recent years, California has experienced the worst wildfires in its history, devastating the stat...

Read More >

Prepare to Implement Paid Family and Medical Leave Under New Massachusetts Law

Massachusetts employers should be making their final preparations for the Massachusetts Paid Family ...

Read More >

NLRB Announces New Union Election Procedures

In 2014, the Obama-era National Labor Relations Board made over two dozen changes to the union elect...

Read More >

Working Wise: Coronavirus Concerns in the Workplace

The World Health Organization has declared the 2019 novel coronavirus a global health emergency. Wit...

Read More >

New York Expands Harassment Laws, Protections Of Religious Attire, Clothing, Or Facial Hair

New York state has enacted sweeping new workplace harassment protections for employees, including lo...

Read More >