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Consolidated Net Operating Losses

tax-irs · IRS · Rule · Published 2020-10-27 · Effective 2020-12-28 · 85 FR 67966

Document

Document number
2020-22974
Federal Register citation
85 FR 67966
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
tax-irs
Sub-agency
IRS
Publication date
2020-10-27
Effective date
2020-12-28
Treasury docket
TD 9927

Abstract

This document contains final regulations under sections 1502 and 1503 of the Internal Revenue Code (Code). These regulations provide guidance implementing recent statutory amendments to section 172 of the Code relating to the absorption of consolidated net operating loss (CNOL) carryovers and carrybacks. These regulations also update regulations applicable to consolidated groups that include both life insurance companies and other companies to reflect statutory changes. These regulations affect corporations that file consolidated returns.

Source

Authoritative
Federal Register document
Machine
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