
Tax Alert
Five-year NOL carryback for insurance companies under the CARES Act
The five-year carryback rule applies to insurance companies, both life and non-life, although both categories are singled out in the Act.
The five-year carryback rule applies to insurance companies, both life and non-life, although both categories are singled out in the Act.
Favorable rule for corporate stock acquisitions where life insurance contracts are less than 50 percent of the target corporation’s assets.
RSM US LLP is a limited liability partnership and the U.S. member firm of RSM International, a global network of independent audit, tax and consulting firms. The member firms of RSM International collaborate to provide services to global clients, but are separate and distinct legal entities that cannot obligate each other. Each member firm is responsible only for its own acts and omissions, and not those of any other party. Visit rsmus.com/aboutus for more information regarding RSM US LLP and RSM International.
© 2021 RSM US LLP. All rights reserved.