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
The Seventh Circuit Court of Appeals has issued another ruling regarding an obesity-related disabili...
Read More >
Financial institutions M&A sector trends: fintech — H2 2019 and outlook for 2020. British thorough...
Read More >
In what is perhaps an agency first, the Wage and Hour Division of the U.S. Department of Labor (DOL)...
Read More >
We are back with another five episodes of Adventures in Compliance to consider the next five stories...
Read More >
Overruling 2014 precedent, see Babcock & Wilcox Construction, 361 NLRB 1127 (2014), the National Lab...
Read More >
Piggybacking off my colleague Tim Reed’s recent post providing the background/plot and discussing e...
Read More >