Net Operating Losses (NOLs)

Taxable Income vs. Book Income: Why Some Corporations Pay No Income Tax

Why do some companies appear to be profitable but pay little or no federal income taxes? It’s largely due to differences between book and taxable income.

Prepared Testimony for the Connecticut Joint Committee on Finance, Revenue, and Bonding

Toward a State of Conformity: State Tax Codes a Year After Federal Tax Reform

States incorporate provisions of the federal tax code into their own codes in varying degrees, meaning that federal tax reform has implications for state revenue beyond any broader economic effects of tax reform.

Unequal Tax Treatment Is Contributing to Rising Debt Levels for Entrepreneurs

A recent paper discusses two main trends related to U.S. entrepreneurs: the decrease in the number of entrepreneurs and the increase in their borrowing. Entrepreneurs have increased their debt holdings relative to their assets over the past three decades.

Updated Proposal for Year-End Tax Bill

Technical Corrections to Tax Law Likely Addressed in Lame Duck Session

Net Operating Loss Carryforward & Carryback Provisions by State

A Quick Overview of the Asymmetric Taxation of Business Gains and Losses

Tax Treatment of Structures Under Expensing

Some Corporations Pay Zero Federal Taxes – and There’s No Problem With That

Corporate Net Operating Loss Carryforward and Carryback Provisions by State