IRS issues rules for net operating losses in consolidated groups

The Internal Revenue Service and the Treasury Department released proposed regulations and temporary regulations to offer guidance for consolidated groups on net operating losses in the wake of changes under both the Tax Cuts and Jobs Act of 2017 and the CARES Act from this year.

Original Article Posted at : https://www.accountingtoday.com/news/irs-issues-rules-for-net-operating-losses-in-consolidated-groups