Replies to post #175 on First Citizens Bancshares (FCNCA)

[LGL8054]

Fred .......What I see and understand is that the NOL has to be retained by the original corporation [The Holding Company] so all NOL Tax bennies are to the Holding Company and not to any body else.

The holding company must create a income that is subject to taxes that can be written of the NOL ... OR R/Merge a company with a income in to the holding company to be able to utilize the NOL to save on taxes. The NOL can not flow to the claimants only to the holding company. and can not be used until there is a TAX LIABILITY.