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Research Transfers of Net Operating Losses for C-Corp
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Legal > Tax Law

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The client has made the following changes to the job.


Job canceled.

Apr 5, 2012

Job Description

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  • Posted: Sat, Mar 24, 2012
  • Time Left: Closed
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  • Start: Immediately
  • Budget: Less than $500
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I need assistance from an attorney or tax professional to research and draft a formal memo (with citations to tax code provisions and/or case law) regarding the transfer or sale of net operating losses by a C-Corporation.

To summarize the facts: Group of shareholders raised money to start a new business, which was organized as a C-corporation. The company operated for a couple years during which time it lost money. The company eventually sold all of its assets in a distressed sale and closed its doors. The company is now just a shell, it has a nominal amount of cash in it's bank account, but no other assets. It is not currently operating in any manner, has no employees, etc. The company's only other asset is the net operating losses.

My understanding is that if the company were to re-start, it could use the net operating losses to offset against future income. However, the shareholder group has no interest in trying to re-start the company. They would like to see if they can sell ...

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Job ID: 29463862
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 United States  |  
Justin Moorefield is a Licensed attorney representing clients on a broad range of corporate matters. In addition to large firm Corporate &...
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Bid ID: 29497487  |  Submitted: Mar 26, 2012 14:11 ET 
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 United States  |  
I am a tax attorney with experience at both a boutique tax law firm in California and Deloitte Tax in New York
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Bid ID: 29465016  |  Submitted: Mar 24, 2012 16:28 ET 
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