Try our Advanced Search for more refined results

Expert Analysis

NC Phased-Out Loss Regime Can Still Alter Tax Liability

By Megan Miller, Jeremy Abrams, Kenneth Levine and Gloria Thompson (February 20, 2019, 2:33 PM EST) -- The Business Court division of the Wake County Superior Court recently issued an opinion in North Carolina Department of Revenue v. Graybar Electric Company Inc. concerning the impact of dividends on a taxpayer's net economic loss, or NEL, carryforward.[1] The court ruled that the taxpayer's dividend income is "income not taxable" to the extent of its federal dividends received deduction, or DRD, which means the taxpayer's NEL carryforward must be reduced by the North Carolina-apportioned dividend income....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!