Massachusetts - Certain NOLs generated by QSubs prior to their treatment as disregarded entities may be carried forward and used by the parent S corporation

June 2012

Overview

On June 27, 2012, the Massachusetts Department of Revenue finalized a directive setting forth how, for taxable years beginning on or after January 1, 2009, an S corporation determining its entity-level excise tax on net income is to calculate and apply NOL carryforwards generated in prior years by its QSubs.

Contact us

Peter Michalowski
National SALT Practice Leader
Tel: +1 (646) 471 5259
Email

Follow us