Legislative reenactment doctrine doesn’t permit 10-year carryback of specified liability losses (SLLs) not attributable to product liability losses (PLLs) for a taxpayer that waived its right to carry back its net operating losses (NOLs) under I.R.C.
IRS CCA: Legislative Reenactment Doctrine Doesn’t Allow 10-Year Carryback of Specified Liability Losses if Waived Carryback Rights on NOLs (IRC §172)
May 13, 2022, 5:00 AM