Press Room: Net Operating Loss

September 27, 2019

Got Losses? Why Pre-Revenue Start-Ups and Companies with No Gross Receipts Should Seek Relief from California’s Standard Apportionment Formula

Start-ups often lack revenue during their first years of operation. Companies with uneven revenue streams may experience years of no revenue. California’s apportionment method for determining California taxable income is based ...

July 13, 2020

Handle With Care: Navigating the State Tax Pitfalls for Corporate Taxpayers Claiming NOL Deductions Under the CARES Act

The temporarily expanded availability of net operating loss deductions (NOL) under the CARES Act comes as welcome news to businesses in the wake of the economic hardships resulting from the COVID-19 pandemic. How ...