United States: Major Tax Incentive For Bank Purchases: IRS Eliminates The Limitation On Banks´ Built-In Losses ... (Mondaq)
Story date: 2008-10-14 07:15:36
Added on: 2008-10-14 09:06:21
On September 30, the IRS issued a notice that creates a major tax incentive for buying or making major investments in banks. Losses and deductions attributable to a target bank's troubled portfolio can now be used to shelter the buyer's operating income without limitation after a merger.
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