The Year in Which the Ownership Change Occurs for a Corporation

question 121

True/False

The year in which the ownership change occurs for a corporation, the NOL carryforward is limited not only by the § 382 annual limitation, but also by the percentage of the year remaining.

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Definitions:

Social Impacts

The effects an organization's actions have on the well-being of its social environment and community.

Environmental Impacts

The effect of human activities and natural events on the natural environment, including changes to air, water, and land.

Sustainability

The practice of maintaining processes or systems in a way that does not deplete natural resources, ensuring long-term ecological balance.

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its competitors.