WORCESTER - Three of the state's major health maintenance organizations yesterday reported operating losses
for the second quarter ended June 30.
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.
Sales for the January-June period of 2003 weren't given but operating losses
were up on the 2003 figure of SEK0.
To lengthen the carryback period for net operating losses
to five years.
1502-21 allowed net operating losses
to be carried back for 10 years to the extent consolidated product liability losses exceeded the consolidated net operating loss.
5 million royalty claims settlement charge, Transco's other businesses recorded operating losses
That model restricts the recognition of net deferred tax assets to the amount that would be recovered based upon the presumed carryback of net operating losses
that result from scheduling the reversal of existing temporary differences by year.
The increased operating losses
for the fourth quarter and the year were primarily due to increased operating costs, in particular for the new operations, the net cost of the LPGA tournament held in October 2008 and higher administrative costs.
The state's major health maintenance organizations all reported operating losses
for the first quarter, citing seasonal increases in the use of health care services and rising medical costs.
The Tax Court recently ruled that a former debtor in bankruptcy (P) could apply net operating losses
(NOLs) acquired from his bankruptcy estate against nonbankruptcy income recognized during the bankruptcy proceeding.
In Notice 98-38, the IRS and Treasury Department pose the question whether the current SRLY rules limiting the utilization of operating losses
should be replaced with an approach modeled after section 382 (hereinafter "section-382 approach").
Assuming a three-year carryback period for operating losses
, this example shows that the benefit of the future tax deduction is assured through reduction of future taxable income generated by reversals of existing taxable temporary differences (see exhibit 1, page 73).