BNA Software To Present Free Webinar To Explore Options of the Five-Year NOL Tax Provision

ARLINGTON, Va., March 22 /PRNewswire/ -- BNA Software^®, an operating division of BNA, today announced the company will present a live Webinar, "Taking the 2, 3-4 or 5-Year NOL: Which Is Really Your Best Choice?" on Tuesday, March 30 at 2:00 p.m. ET.  This special presentation is open to all corporate tax specialists.  Attendees must register in advance by visiting www.bnasoftware.com/nolwebinar.  There is no charge to attend.

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Net Operating Loss (NOL) calculations are complicated and cumbersome.  Frequently, the impact of how a loss affects other tax attributes is overlooked, by even the most experienced tax professionals.  The 30-minute presentation will provide detailed information about the NOL carryback provision, and the critical options corporations should consider.  Primary topics include:

• The importance of the five-year NOL carryback provision in the Worker, Homeownership, and Business Assistance Act of 2009.
• Why it may be more beneficial to take a shorter carryover period.  
• Understanding the impact on other tax credits and losses as well as AMT.  
• How to cut through the complexity to make the best tax decision.

A live Q&A will follow the presentation, which will be archived on the BNA Software Web site.  BNA corporate tax experts will also be available to answer additional questions by e-mail after the Webinar has concluded.    

"The five-year NOL carryback will help many large corporations to improve their loss management," said David N. McPherson, JD, LLM, Product Manager and Senior Tax Specialist, BNA Software.  "Hundreds of major American companies are experiencing severe losses, many for the first time in a number of years.  It's imperative for them to take advantage of every opportunity to improve their cashflow and bottom lines.  And we're ready to help with the tools and support to make smart decisions."

The tool being used to automate the analyses for the Webinar is BNA Corporate Tax Analyzer (CTA).  It is the definitive application for large corporations to optimize their use of NOLs, while avoiding the pitfalls of using homegrown solutions such as Excel spreadsheets.  All of the current rules and regulations for automatically calculating NOLs are incorporated into the functionality of the product's latest release.  CTA analyzes the tax implications of electing to take the NOL carryback provision over different time periods – from the normal two years, up to a full five year period – by comparing the NOLs to all the other tax attributes in play, such as various tax credits, that interact from previous tax filings.

Hundreds of large corporations, and the IRS as well, trust BNA Corporate Tax Analyzer; the only product to automate the calculation and tracking of carryforwards, carrybacks, NOLs, FTCs, AMT, GBCs, charitable contributions, and more over multiple years.  The software also takes the complexity and risk out of four other critical areas of managing taxes: verifying Form 1120 accuracy, planning, documentation, and IRS audits.  And CTA is backed by exceptional customer support and professional training services.

To learn more about BNA Corporate Tax^™ Analyzer, visit www.bnasoftware.com/cta, or call 800-424-2938 and select option 3.

About BNA Software

BNA Software is an operating division of specialized news and information publisher BNA, headquartered in Arlington, Virginia.  BNA has been America's premier independent publisher of legal and regulatory news and analysis for over 80 years.  The company's clients include all of the Fortune 100 and all of the top 50 accounting firms.  Founded in 1983, BNA Software develops expert solutions for tax and accounting professionals.  With category-standard software and top rated technical support, BNA Software is the solution of choice for professional firms and corporations of every size.  More than 60,000 customers and users, including the IRS, depend upon BNA Software for the highest degree of tax, regulatory, and compliance expertise available in the market.  Visit www.bnasoftware.com for more information.

BNA Software is a registered trademark, and BNA Corporate Tax is a trademark of Arlington, Va.-based news publisher BNA.  

SOURCE BNA Software