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New York Taxpayers Should Brace for Net Operating Loss Changes
Posted by Tarra Curran on Mon, Jun 20, 2016 @ 10:01 AM

A recent decision from the New York Tax Appeals Tribunal (the “Tribunal”) may have a big effect on state taxpayers, who are already working through significant corporate tax reform changes.

The Tribunal ruled that New York taxpayers must use entire net income to determine their New York net operating losses (NOLs) deduction, even when their franchise tax for the year was measured using an alternative base.

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Topics: Tarra Curran, NOL, Net Operating Loss, New York Tax Reform, NOLs, New York

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