Finance & markets · 30/07/2003Updated: 10/17/2026 · 1 min read

IRS Cancels Public Hearing on Loss Carryover Waiver Regulations

The Internal Revenue Service (IRS) has cancelled a public hearing on proposed regulations allowing companies to amend certain elections to waive loss carryovers from acquired subsidiaries, as part of the guidance under Section 1502 of the Internal Revenue Code.