In a Year in Which an Ownership Change Occurs for a Corporation

question 114

True/False

In a year in which an 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:

Expected Number

In probability and statistics, the expected number is the average outcome you would anticipate seeing if an experiment were repeated many times.

Defective Computers

Computers that fail to operate as intended due to manufacturing flaws, hardware malfunctions, or software issues.

Policyholders

Individuals or entities that own an insurance policy and are entitled to coverage under the terms of the policy.

Major Injury

A severe physical harm or damage to a person, often requiring extensive medical treatment or leading to long-term health effects.