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LGL8054

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LGL8054

Re: None

Friday, 03/23/2018 9:58:28 AM

Friday, March 23, 2018 9:58:28 AM

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Companies may no longer carry back NOLs to receive refunds for taxes paid

Section 3302 of the Tax Cuts and Jobs Act of 2017 eliminates entirely the carry back of non-farming related NOLs. Companies may no longer carry back NOLs to receive refunds for taxes paid in the previous two years. This will hamper the restructuring efforts of many companies that may no longer rely on tax refunds generated from the NOL carryback.

https://www.thompsoncoburn.com/insights/blogs/credit-report/post/2017-12-27/new-tax-law-eliminates-nol-carry-backs


In addition to the FDIC and the FBI, the Securities and Exchange Commission is also investigating the bank's meltdown. A federal grand jury also has been probing the bank's failure.

The POWER of the Internet. Like the Six Gun in the Old West called an Equalizer.
Do your own DD, This post is my OPINION. ** TRUST, BUT VERIFY.**VERIFY

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