Deloitte is hosting the following webcast regarding tax controversy at 2:00 PM EST on January 27:
Claiming Large Losses, Including NOLs, and Defending Your Position
Claiming Large Losses, Including NOLs, and Defending Your Position
In
today's economic environment many businesses will have large losses
that will be carried back and carried forward to other years. We'll
discuss:
Posted by Min Young Choi, Associate Editor, Wealth Strategies Journal.
- The procedural rules for NOL carrybacks and carryforwards.
- Opportunities to accelerate refunds and defer payment of current tax liabilities.
- The special statute of limitations rules for NOL carrybacks.
- Defending refunds through adequate record retention and sufficient support for return positions.
- How the accuracy-related penalty rules work with carrybacks and carryforwards.
Posted by Min Young Choi, Associate Editor, Wealth Strategies Journal.
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