Corporations with net operating losses (NOLs) and other attributes need to be cognizant of limitations that restrict their use, including Sec. 382 ...
Changes to NOL rules under the TCJA and CARES Act are
is for the entire carryback period and for the full amount of the NOL for
a nonlife insurance company, and that the SRLY member has a SRLY NOL that ...
No carryback had generally been permitted for NOLs generated after
assets were transferred to them, in order to avoid the application of the SRLY rules.
The CARES Act extended the carryback period for NOLs arising in a
The S.R.L.Y. rules do not apply if they overlap with the Code §382 limitations.27 This occurs for an N.O.L. if a corporation becomes a consolidated ...
The SRLY rules operate to limit the use of SRLY-limited NOLs to offset items of ...
SRLY limitation is separate and distinct from the cumulative register for NOLs.