In addition, federal, New York State, and New York City audit changes, with regard to net operating losses
incurred prior to January 1, 2015, will have an impact on the PNOLC unless the statute of limitations for the 2015 tax return has expired.
M2 EQUITYBITES-December 11, 2015-Dataram announces completion of sale of qualified net operating losses
for approximately USD190,000
937m from the sale of its net operating losses
under the New Jersey Technology Business Tax Certificate Transfer Programme for 2014.
NYSE: BBX) has adopted a shareholder rights plan aimed at preserving BBX Capital's ability to utilize available net operating losses
to offset future taxable income.
The checklist also encourages tax advisers to consider other issues, such as business/non-business treatment, apportionment and allocation factors, net operating losses
(NOLs) and supporting documentation.
TAX PRACTITIONERS CAN SPEED UP the processing of net operating losses
by avoiding some common errors.
United Airlines has reportedly asked the bankruptcy court to order the US government to return USD388m in tax overpayments and refunds for net operating losses
which it claims have been frozen improperly.
I spent a lot of time during the mid-1990s working to repeal the Alternative Minimum Tax (AMT) 90 percent rule for net operating losses
To lengthen the carryback period for net operating losses
to five years.
In conjunction with the company's Form 10-Q review of its unrecognized deferred tax assets, it was determined that the recognition of a deferred tax asset related to net operating losses
originating prior to the Syntax-Brillian merger could not be used to offset income tax expense in the statement of operations.
Net operating losses
originating in 2001 and 2002 that are carried back and net operating losses
carried over to these two years, however, are not subject to the 90% rule.
Topics include: the nature of bankruptcy and insolvency proceedings, taxation of bankruptcy estates and debtors, corporate reorganizations, use of net operating losses
, tax consequences to creditors of loss from debt forgiveness, and more.