IRS, Treasury Working on Consolidated Groups Guidance Under Net Operating Loss Carryback

The Internal Revenue Service and Treasury Department soon will issue guidance to address issues for consolidated groups raised by the recently enacted five-year net operating loss carryback…

ANALYSIS: Corporate Reorganizations: Having and Eating Your Cake and Getting Paid for It Too

Private Letter Ruling 201011003 allowed the following array of tax benefits as a result of the insolvency of a subgroup in a consolidated group…

Government Officials Expect Net Operating Loss Carryback Guidance on Consolidated Groups Soon

The Internal Revenue Service and the Treasury Department expect to release soon guidance on a new net operating loss carryback tax code provision that will…