Kurtz & Company Blog New Ruling - Surcharge Rate Calculations

New Private Letter Ruling from IRS Addresses Normalization Rules When Surcharge Rate Calculations Involve NOLs Introduction On July 8, 2022, the Internal Revenue Service (IRS) released Private Letter Ruling (PLR) 202227002 ("July 2022 PLR Ruling") modifying an earlier ruling that addressed the treatment of surcharges and net operating losses (NOLs) under the "normalization rules" [...]The post New Ruling - Surcharge Rate Calculations appeared first on Dallas Business Income Tax Services.