NOL Strategies for Federal and State Tax Reporting by Multi-State Companies
Mastering Federal Regs and Restrictions, Differing State NOL Matches, Carryback and Carryforward Elections
Recording of a 110-minute CPE webinar with Q&A
This teleconference will provide tax professionals at multi-state companies with a current awareness briefing on treatment of NOLs in federal and individual state laws and regs. Our panel will also present a practical discussion on navigating associated complications that arise with state combined reporting and nexus.
Federal NOL treatment
Sect. 382 issues
- When and how does limitation apply
- Other NOL limitations, including CERT
- Latest developments
- Sect. 382 issues
State NOL treatment
- Nexus requirements
- Carryforwards and carrybacks
- Statutory limitations
- Combined reporting
- Special situations at the state level involving NOL
- Issues arising from nexus standards
- 382 Limitations
The panel will address these and other problematic aspects of NOLs:
- Corporate equity reduction transactions (CERT).
- Carryback and carryforward terms.
- When Sect. 382 limitations apply and under what terms.
- Strategies to be considered and steps prior to a company entering into capital transactions to protect the possible future benefits associated with NOLs.
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
He is attached to the Corporate Tax Group in the firm's Washington National Tax Practice, and specializes in... | Read More
He is attached to the Corporate Tax Group in the firm's Washington National Tax Practice, and specializes in Subchapter C matters. He previously worked as an attorney in the IRS Chief Counsel's Office, Corporate Division.Close
Ms. Chapman works in the firm’s Washington National Tax practice on corporate taxation matters including... | Read More
Ms. Chapman works in the firm’s Washington National Tax practice on corporate taxation matters including memoranda involving Sect. 382 loss limitation rules, complex business transactions and other C corporation topics.Close
She works with firm partners and staff, and clients on corporate tax matters including consolidated returns and CERT.... | Read More
She works with firm partners and staff, and clients on corporate tax matters including consolidated returns and CERT. She is attached to the firm's Washington National Tax Practice and previously worked as an attorney for the IRS Chief Counsel's Office, Corporate Division.Close
John B. Harper
Mr. Harper is a Director in KPMG’s Washington National Tax Practice with over 26 years of experience in state... | Read More
Mr. Harper is a Director in KPMG’s Washington National Tax Practice with over 26 years of experience in state and local tax compliance and consulting. He has worked with clients, both on compliance and consulting engagements, on net operating loss related issues, including state conformity to IRC sections 172(h) and 382.Close