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Any updates??
Thanks for remembering!
Viet Nam Vet
Totally different reception then on our return, so glad times have changed for veterans now!
Since you disclosed your vote, care to explain why.
Have you read Paradise Lost?
Great win! Go Chiefs. Allen and the Bills are tough-we we’re fortunate.
Does the new law apply to these NOL’s?
In 2017, the Tax Cuts and Jobs Act made significant changes to NOL rules.
NOLs may now be carried forward indefinitely until the loss is fully recovered, but they are limited to 80% of the taxable income in any one tax period.1
If the class action suit is won or lost and there is a payout later, will we still be entitled to the payout which is unrelated to the class action . Not a lawyer. Would appreciate some opinions. Thanks
That was helpful. Found the replies and on his list. Thanks
I have sent my class action notice twice with no reply. Can someone identify who is responding so I can check trash, etc folders. Thanks
Is it too late to join the class action suit? Thanks
Usually due to timing differences between book and tax. Must be some costs deducted for accounting but not allowed for tax until later. My thoughts without research into IPIX
Your classical guitar is great, thanks for sharing
Anyone have a target PPS?
My wife called a cab and wanted to had sex in the cab, she wanted me to drive.
I don’t get no respect
That footnote has never made sense, their numbers don’t add up to eliminate NOLs even in your opinion
Are you a registered investment advisor for the other accounts you manage and are your recommendations here covered by this? Just curious.
Thanks so much. I spend my time remembering those who didn’t come from Nam. I was soo lucky.
Old owner but just started reading here. Anyone, is there any reliable news or interest on an acquisition. Thanks. Don’t know how to research this here.
Compensate with more shares for seniority??
Chiefs going to SB with Mahomes (I hope) its been a long time.
What’s your bet?
What happened to the $1000? Used to pay expenses etc generating a loss. Looks like the loss is $5000 and CODI is $4000 leaving an NOL of $1000. Similar to Lehman. Agree?
What is s LD’s handle
Thanks guys! The important thing to me is that attitudes toward veterans has changed and we all are thankful for these young people who have or are currently serving. We need to always remember the true veterans who didn’t return. Glad to see other veterans here.
Viet Nam here!
Thanks
Public gratitude so different from 1968
Come on man, read. It is possible not your impossible. How would anyone know which one of the many options is being pursued. Signing off for now.
Agree, Wayne
“With proper tax planning, taxpayers may be able to exclude COD income from taxable income as well as preserve valuable tax attributes. Since tax liabilities are generally not dischargeable in bankruptcy, careful tax planning is essential for those taxpayers truly in need of a "fresh start," to ensure the best possible chances of post-restructuring success.”
I did check with Delaware and annual reports are not due, just an annual tax for LLCs , and partnerships. No tax balance is due according to Delaware so someone is paying the annual tax or the LLC legal status would be forfeited. Something is going on with this entity but have no clue. I have a number of LLCs and some states require annual reports and others do not, so your personal experience isn’t relevant, just the facts.
The report I have says they are in “Good Standing “ and the annual tax has been paid. The SOS doesn’t say whether or not they are active but the good standing means they are still a legal entity. LLC’s aren’t required to file annual reports.
Again, this only means there is a legal entity which could be a shell or an entity doing business.
This means there is a legal entity which perhaps could utilize NOLs if available etc
I have a print out showing the LLC still active. This doesn’t mean they are conducting a business but that the LLC has not been forfeited according to the Delaware SOS. So are you challenging the SOS? Just my DD for now. I’m ready for the NOL World Cup.
You need to go to Delaware.
Btw, LAMCO LLC is a company in good standing and have found a notice that it is a subsidiary of LBHI.
Yes but the rates you suggest may be higher and the lower rates could be more valuable than just rates alone
But what if some timing differences would result in additional income now taxed at a lower rate. Not always easy to determine unless one has access to the facts.
Need to consider state rates which are high in their states with possible prospects of some increases
Good point, no one would pay full value and the discounts would be substantial given my experience in other transactions.
Yes there was a deferred tax asset adjustment on 2017 for the rate change which was a charge to net income but only on the US operations. It was material but DB would have been profitable in 2017. It is profitable in Q1 2018. There is still significant benefit to the NOL’s given the Federal and state rates. DB has significant operations in the US and are profitable. However, they seem to be concentrating on other issues including cost cutting which could include income taxes. This would be a relatively easy choice. I think the NOL’s carryovers are still there not withstanding other opinions. I agree this is a long shot.
I believe their annual report shows a loss for 2017 but shows they paid current income taxes due to timing differences between book and taxable income. So I believe they could use the NOLs. This was just a brief look.
Joe
Thanks for the short global reply. I think one needs to follow the money and write downs or write offs which are tax losses. Agree with the IRS wish but their are ways....do some case study research. There is some value to the NOL’s, makes one wonder why so much has been written and researched regarding reorganization to save NOL’s. Glad you found one more fool on you real estate deal. Time out for me.
Joe,
I have a question on NOL’s. I know there is a question of value if it can’t be successfully reorganized. You indicated that the CODI would offset any NOL’s. Help me understand. There supposedly 55B in NOL’s at filing.
At 9/2008 there were assets of 639B and liabilities of 619B. Wouldn’t this generate additional NOL since the asset expense/write off would offset any liabilities not paid from a sale? Also, if there are claims/liabilities which are not included above or not paid, wouldn’t these unrecognized claims result in additional expense which would offset these CODI claims. I’m confused.
What about 1245 and or 1250??