Weighing The Effects Of A Corporate Tax Reform On NOLs

Tax professionals have a different perspective than most of the world, and this is especially true when it comes to assets and liabilities. Ask an ordinary business person what they think of a new acquisition that is hemorrhaging money and they'll come up with plenty of words, but few will see it as an asset. Yet that's exactly the kind of silver lining tax pros see in underperformers. They are generating tax assets that may be used to offset the profits from other parts of the business to ulti...