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.

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Definitions:

Personal Injury

refers to physical harm or damage inflicted upon a person's body, as opposed to property or reputation.

Intentional Infliction

The deliberate imposition of hardship or harm upon another person.

Aggression

Behavior intended to harm or injure another being, whether physically, verbally, or psychologically.

Nature-Nurture Question

The ongoing debate in psychology and biology about the relative contributions of genetic inheritance (nature) and environmental factors (nurture) to human development.