When the § 382 Limitation Is Evoked, the Acquiring Corporation

question 43

True/False

When the § 382 limitation is evoked, the acquiring corporation is limited in its use of the tax loss carryover of the loss corporation. The limitation is based on the net present value of the loss corporation using the Federal long-term discount rate.

---

Definitions:

Good Work

Work that is not only high in quality but also ethically responsible and socially beneficial.

Reversibility

The property of a process or action to be reversed, returning to its original state or condition without significant changes or consequences.

Ethical Screen

A set of criteria or principles used to make decisions that align with one's ethical or moral standards.

Social Responsibility

The obligation of individuals, groups, and organizations to act in a way that benefits society at large, including ethical practices, sustainability efforts, and community engagement.