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Re: JerryinCT post# 40008

Thursday, 04/06/2006 11:23:31 PM

Thursday, April 06, 2006 11:23:31 PM

Post# of 174878
Jerry, I thought EZEN probably should have realized a larger income tax benefit when I saw the PR. I asked about it here the day ofthe PR and abh3vt gave a bit of an explanation about the treatment of "valuation allowances" and NOLs in post #39261.

I'm not an accountant....so understand this only the opinion of someone who can barely handle their own personal income taxes....but I think EZEN may need to remove some of the "valuation allowance" and realize some more of that as "income tax benefit".

With any luck, they'll file their ammended 10k to clear-up this issue soon.

"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854

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