Alternative Tax Net Operating Loss (ATNOL): Meaning, How it Works

Alternative tax net operating loss (ATNOL) is the excess of deductions allowed over the income recognized for alternative ...
JD Supra

IRS Rules Utility's NOL Carryforward Cannot Be Reduced by Tax Allocation Payments

The IRS recently issued a private letter ruling (PLR) that a utility's net operating loss carryforward (NOLC) cannot be reduced by tax allocation payments under the normalization rules. The utility, a ...