Replies to post #2728 on National Energy Services Inc. (fka NESV)

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Ah, so nobody cares about which classification will be used for the merger as it affects tax status. Is that because nobody knows?

So to defer and deflect now we go to other tax issues we do not know or understand.

Which IRC applies to the following:

from food processing, to nuclear power

The valuation allowance for deferred tax assets as of December 31, 2013 and 2012 was $2,559,600 and $2,419,800, respectively. In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible.

in the Petro-chemical industry.

Which IRC provides for the transfer of NOLs from a food processor to a petro-chemical company?