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
On December 20, 2019, President Trump signed the Further Consolidated Appropriations Act, 2020, a sp...
Read More >
Employees are undoubtedly one of the, if not the, most valuable assets of any business. Without empl...
Read More >
Resort implemented strict rules forbidding Spanish and retaliated against workers when they complain...
Read More >
This is an update to our March 2019 Employment Alert “The Salary Test Revisited: DOL Proposes Incre...
Read More >
As the NFL season gets underway, it is interesting to see how certain plays go from fringe status to...
Read More >
“Exit Contribution” an End-Run Around de minimis Withdrawal Liability - A recent ruling from the ...
Read More >