The U.S. IRS has announced the issuance of guidance for consolidated groups regarding net operating losses.
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Treasury Department and IRS issue guidance for consolidated groups regarding net operating losses
IR-2020-138, July 2, 2020
WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations and temporary regulations that provide guidance for consolidated groups regarding net operating losses (NOLs).
The Tax Cuts and Jobs Act (TCJA…