Washington (Oct. 24, 2002) -- New regulations, just released by Treasury, will prevent groups of corporations from taking duplicate losses.
Under the regs, which apply to corporations filing a consolidated tax return, corporations are entitled to one and only one tax loss with respect to a single economic loss.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access