Improving Economy makes State NOLs a Top Priority
Corporate tax departments are looking for ways to preserve cash flow and reduce tax liabilities. One strategy is to take advantage of net operating losses (NOLs). Since state NOL rules are complex and vary from state to state, managing state NOLs to offset state income tax liabilities may be a challenging task. Bloomberg Tax surveyed 100 finance executives from US-based C corporations in a variety of industries, to determine level of satisfaction surrounding their current corporate NOL management. The findings are outlined below.
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