Net Operating Losses of Corporations: Tax Treatment | Practical Law

Net Operating Losses of Corporations: Tax Treatment | Practical Law

An overview of the IRC Section 172 net operating loss (NOL) rules as they apply to C-corporations. This Note discusses the amount of the NOL deduction allowed, NOL carryback and carryforward periods, limitations on using NOLs after an ownership change, and special rules that apply to consolidated groups.

Net Operating Losses of Corporations: Tax Treatment

Practical Law Practice Note w-025-3118 (Approx. 19 pages)

Net Operating Losses of Corporations: Tax Treatment

by Practical Law Corporate & Securities
Maintained • USA (National/Federal)
An overview of the IRC Section 172 net operating loss (NOL) rules as they apply to C-corporations. This Note discusses the amount of the NOL deduction allowed, NOL carryback and carryforward periods, limitations on using NOLs after an ownership change, and special rules that apply to consolidated groups.