Do you have California net operating losses (NOLs) that are trapped unused in an entity that may be unable to use them? Would you benefit from adding four to six more years to the carryover period for your NOLs? Would you benefit from recomputing pre-2011 NOLs using a single sales factor to match the single sales factor used to apportion income to California for years after 2012?

Speakers: Shail P. Shah Yoni Fix

Event Type: Webinar

Start Date/Time:
16 February 2022, 2:00 PM ET
End Date/Time:
16 February 2022, 3:00 PM ET

If you answered “yes” to any of these questions, then this webinar is for you. In this webinar, you will learn how to:

  • Free NOLs “stuck” in certain legal entities within the unitary group;
  • Add four to six years to your NOL carryover period; and
  • Recompute your pre-2011 NOLs by applying single sales factor apportionment

Please log in 15 minutes prior to the start of the program.

This program is presumptively approved for 1.0 CLE credit in California, Connecticut, Illinois, New Jersey, New York, Pennsylvania, Texas and West Virginia. Applications for CLE credit will be filed in Delaware, Florida, Ohio, and Virginia. Credit earned for this course may be limited by CLE rules governing on-demand format programs. Attendees who are licensed in other jurisdictions will receive a uniform certificate of attendance but Reed Smith only provides credit for the states listed. This program is presumptively approved for 1.0 New Jersey CPE credit. Please allow 4-6 weeks after the program to receive a certificate of attendance.