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May I ask that if a S Corp is purchased by a C Corp, per
May I ask that if a S Corp is purchased by a C Corp, per Sec338 election, the net operating loss in the previous S Corp (eg $3m) and be used by the S Corp to offset the capital gain of deemed disposit… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I bought a controlling interest in a company this year that
I bought a controlling interest in a company this year that has a 2m NOL over the past three tax years how would I go about monetizing the NOL? … read more
Lane
Lane
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I own a c corporation with a $12,000,000 tax loss carry
I own a c corporation with a $12,000,000 tax loss carry forward and would to sell this if possible. Can it be sold? Thanks. Mack… read more
Lane
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I'm involved with a Nevada C Corp based in California with around
I'm involved with a Nevada C Corp based in California with around 450k in NOLS. We're going to be ceasing operations. Can the NOLS be monetized? If could you or someone you recommend be a good broker … read more
Arthur Rubin
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I am the owner of a Florida registered Limited Liability Company (LLC) that has realized c
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MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
1,732 satisfied customers
I have a client with a C corp that they want to sell it to
I have a client with a C corp that they want to sell it to their son. The corporation is dormant at the moment, but will be used in the future. We are trying to come up with a fair value to sell it. I… read more
Zhannaxena
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I seem to remember that there are some limitations on using
I seem to remember that there are some limitations on using a NOL inside a C corporationwhen there has been a change in ownership of the corporation. In other words, if a new shareholder purchases 100… read more
WebCPA
WebCPA
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Bachelor's Degree
204 satisfied customers
Co A is wholly owned by a foreign entity. Co A owns Co B
Co A is wholly owned by a foreign entity. Co A owns Co B and Co C. The group files a consolidated federal income tax return under the EIN of Co A. Co A is a holding company Co B is an operating compan… read more
MequonCPA
MequonCPA
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I own a single shareholder S-Corp that retains approximately
I own a single shareholder S-Corp that retains approximately $800K in NOL carry forward. I am interesting in exploring ways that I can share this tax benefit with individuals and/or entities who can g… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
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I have a C-Corp with significant losses. Can an S-Corp acquire
I have a C-Corp with significant losses. Can an S-Corp acquire my C-Corp and assume my losses for the combined/merged income?… read more
MequonCPA
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Take a C corporation with $125k in capital losses, a $100k
Take a C corporation with capital losses and a NOL, a $0 cash balance, and merge it with an S corporation that has cash reserves and monthly revenue. Each of these is owned 100% by two different peopl… read more
MequonCPA
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Company A” S Corp and Company B” C Corp B” have current
“Company A” = S Corp and “Company B” = C Corp “B” have current year operating loss 2010 and negative retained earning in balance sheet for previous year/ NOL carried forward. “A” has profit for 2010. … read more
MequonCPA
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We are selling a C coperation that has a NOL federal amount
We are selling a C coperation that has a NOL federal amount of $128674.00 state amount of $74939.00. Does the NOL stay with the coperation after transfer of ownership?… read more
MequonCPA
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I have a Pennsylvania Corp with a Lot of losses! How can I
I have a Pennsylvania Corp with a Lot of losses! How can I sell these losses or the total corp. to recoop some income.Could a person buy the corp to use the losses? could a individual buy part of the … read more
MequonCPA
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If a Chapter 11 bankruptcy converts to a Chapter 7, are NOLS
If a Chapter 11 bankruptcy converts to a Chapter 7, are NOLS preserved for a buyer of the bankruptcy company to use?… read more
MequonCPA
MequonCPA
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Master's Degree
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can purchase the assets of a company and their nol as well
can purchase the assets of a company and their nol as well or is the nol lost in the purchase? thanks.… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
1,732 satisfied customers
Can a C-Corp. sell the Net Operating Loss to other business,
Can a C-Corp. sell the Net Operating Loss to other business, regardless of the business structure, such as sell to C-Corp or S-Corp or sole proprietorship ? The NOL Corp. will terminate the business.… read more
MequonCPA
MequonCPA
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Master's Degree
1,732 satisfied customers
If I as an individual buy 100% of the stock of a ...
If I as an individual buy 100% of the stock of a corporation with an exisiting net operating loss, am I subject to a section 382 limitation on the future use of that carryover loss.… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
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