View Corporate Tax Bulletin 2018-02 Which Clarifies NOL APPLICATION FOR C CORPORATIONS

The PA Department of Revenue has issued Corporate Tax Bulletin 2018-02 to provide greater clarity for corporate taxpayers in light of the October 18, 2017, Nextel Communications decision which placed a flat dollar cap on the net operating loss deduction.  Specifically, the Bulletin addresses the application of the Nextel decision for taxable years prior to 2017.