IRS Rules on Net Operating Losses Post-Bankruptcy

$219.00

SKU: 411231

Description

Gain insights into how Section 382 specifically limits a corporations ability to offset taxable income with NOLs following a change in ownership.
A corporations ability to offset future federal income tax income with net operation losses or credits can be challenging as there are several tax rules designed to limit the availability of the NOLs. In particular, Section 382 limits a corporations ability to offset taxable income with its NOLs after a change in ownership. Our panel of nationally recognized experts will provide a practical overview of the Section 382 rules while highlighting current topics. We will also provide an overview of the 382 rules in the context of emerging from a Chapter 11 bankruptcy.

Date: 2024-02-09 Start Time: 1:00 PM ET End Time: 2:40 PM ET

Learning Objectives

* You will be able to understand the concept of net operating losses (NOLs) and their significance in a corporations ability to offset future federal income tax income.

* You will be able to acquire a practical overview of the Section 382 rules from a panel of nationally recognized experts.

* You will be able to explore current topics related to Section 382 and understand their implications on a corporations tax strategy.

* You will be able to develop an understanding of how Section 382 rules apply in the context of emerging from a Chapter 11 bankruptcy.

Introduction to the Rules of 382

Treatment of Equity Instruments Under 382

Aggregation Rules

Segregation Rules

Exceptions

Calculating the 382 Limitation

Built-in Gain and Loss Rules

Application of Notice 2003-65

Proposed Built-in Gain Regulations

Section 382 Rules in Bankruptcy

AIPB ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Enrolled Agents ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Todd B. Reinstein-Forvis, LLP, Clay Wesbrook – Forvis, LLP