AI
Wednesday, June 28, 2023 4:18:01 PM
I may be wrong but I understand that use of NOL tax credits are limited if the main propose of the acquisition is to avoid taxes.
IRS SEC. 269: ACQUISITIONS TO EVADE OR AVOID TAX
Carry is time limited but a large suitor with a large profitable operation could use the credits before they expire.
I'm not a CPA and have paid way too much in taxes in my life time so could be wrong
IRS SEC. 269: ACQUISITIONS TO EVADE OR AVOID TAX
Carry is time limited but a large suitor with a large profitable operation could use the credits before they expire.
I'm not a CPA and have paid way too much in taxes in my life time so could be wrong
