Section 382 Consulting

Services | Tax | Corporate Tax | Section 382 Studies

Companies with large Net Operating Losses (NOLs) face potentially tax significant implications.

Section 382 studies are conducted to determine if and when a change in ownership has occurred for a company that wishes to use its NOL carry forwards to offset its current income.

BPM is familiar with how to maximize NOL carry forwards in order to greatly impact your company’s cash flows during profitable years. We work closely with you to address aggregation and segregation, constructive ownership and attribution, anti-stuffing and reduction, net unrealized built-in gains and losses, and non-business asset provisions.

Section 382 ownership changes greatly affect the filing of federal consolidated income tax returns and California combined reports. Understand the differences between the two, and how to apply Section 382 in their filings, by reading this article: Section 382 Ownership Changes and the California Combined Report.