Maximizing Sec 382 Limitation Calculations for C Corps

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If you are a C Corporation with substantial net operating losses (NOLs) carried forward subject to IRC Sec 382 limitation provisions, and your current annual calculation limitation only consists of the base limitation amount, there is a strong likelihood that the overall calculation limitation currently being calculated is substantially understated. The base limitation amount is the annual limitation consisting of the product of the fair market value (FMV) of your company at the triggering event date times the applicable long-term tax-exempt rate for the affected taxable period.

Certain taxpayer-friendly IRS rulings now allow you to increase the base limitation amount by …read more

Read more here:: Tax

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Aronson LLC has been thinking ahead for its clients for more than 50 years. Aronson’s construction, real estate, government contracting, nonprofit, technology and private industry experts provide innovative audit, tax, and consulting services that help its clients move to the next level. From start-up to exit strategy, Aronson works with companies throughout the entire business lifecycle by proactively identifying opportunities and addressing challenges so that clients are able to focus on their core business. Aronson shows companies how to rethink everything to be more profitable, more competitive and better prepared for the future.

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