Weil Tax BLOG - Feed https://tax.weil.com/contributor/sydnei-jones/ Views and developments from the Tax Department at Weil Tue, 05 May 2026 15:19:09 +0000 hourly 1 New IRS Proposed Regulations Address Dual Consolidated Loss Rules https://tax.weil.com/features/new-irs-proposed-regulations-address-dual-consolidated-loss-rules/ Thu, 08 Aug 2024 20:34:12 +0000 Devon Bodoh Madeline Joerg Sydnei Jones https://tax.weil.com/?p=2286 On August 6, 2024, the Treasury Department (“Treasury”) issued Proposed Regulations (REG- 102144-04) (the “Proposed Regulations”) regarding section 1503(d) of the Internal Revenue Code. Specifically, the Proposed Regulations clarify the application of the existing dual consolidated loss (“DCL”) rules by providing guidance regarding: (i) the interplay of the DCL rules with the intercompany transaction regulations

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]]> Final Guidance on the Carryback of Consolidated Net Operating Losses https://tax.weil.com/features/final-guidance-on-the-carryback-of-consolidated-net-operating-losses/ Fri, 14 Jul 2023 14:31:56 +0000 Devon Bodoh Joseph Pari Sydnei Jones https://tax.weil.com/?p=1937 On July 10, 2023, the Treasury Department issued final regulations (T.D. 9977) regarding the application of the five-year extended net operating loss (NOLs) carryback period (retroactive statutory extension) enacted by the Coronavirus Aid, Relief and Economic Security Act (CARES Act).   Under the CARES Act, NOLs generated in taxable years beginning after December 31, 2017 and

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