State tax treatment of net operating loss carryovers in corporate acquisitions

Faber, Peter L.
July 1996
Tax Executive;Jul/Aug96, Vol. 48 Issue 4, p297
Explains how state tax statutes apply to the transfer of net operating loss carryovers (NOLs) from one corporation to another in an acquisition. Federal statutory scheme; Annual accounting system's creation of distortions; Federal law restrictions on the post-acquisition use of NOLs; Survival of NOLs in states lacking statutory provisions for their transfer.


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