AudioDigest*

In today's difficult economy, it is important, now more than ever, for companies to identify and take advantage of available opportunities to quickly increase their cash flow. By heeding important filing deadlines and leveraging key strategies allowed by the IRS, companies can successfully accelerate and obtain tax refunds.

In this podcast, specialists from PwC's IRS Service Team, Kevin Brown, Janice Flood, and Rich Witkowski explore two approaches that corporate taxpayers can use to help them quickly avail themselves of usable cash — Filing a Form 4466 to obtain a refund of excess estimated tax payments and leveraging a Form 1139 to carry back a net operating loss. Our panelists discuss the opportunities, potential benefits, and pitfalls associated with these strategies and highlight the steps taxpayers need to take to successfully implement both of these approaches, quickly increasing liquidity.

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