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Carryback of Consolidated Net Operating Losses; Correcting Amendment

tax-irs · IRS · Rule · Published 2020-08-28 · Effective 2020-08-28 · 85 FR 53162

Document

Document number
2020-16985
Federal Register citation
85 FR 53162
CFR reference
26 CFR 1
Type
Rule
Action
Correcting amendments.
Category
tax-irs
Sub-agency
IRS
Publication date
2020-08-28
Effective date
2020-08-28
Treasury docket
TD 9900

Abstract

This document contains corrections to Treasury Decision 9900, which was published in the Federal Register on Wednesday, July 8, 2020. Treasury Decision 9900 contained temporary regulations that permit consolidated groups that acquire new members that were members of another consolidated group to elect in a year subsequent to the year of acquisition to waive all or part of the pre-acquisition portion of an extended carryback period under section 172 of the Internal Revenue Code (Code) for certain losses attributable to the acquired members if there is a retroactive statutory extension of the NOL carryback period under section 172.

Source

Authoritative
Federal Register document
Machine
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