Discussion:Quick Question: C Corp to S Corp and NOL's

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Discussion Forum Index --> Tax Questions --> Quick Question: C Corp to S Corp and NOL's

SoCalTaxMan (talk|edits) said:

21 June 2007
Hello:

I know that NOL's belonging to a C Corp are suspended when converted to a S Corp. However, I cannot find the exact federal tax code that references this. Can anyone please help? I have a client that needs convincing.

Thank you

Riley2 (talk|edits) said:

22 June 2007
IRC ยง 1371(b).

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