New Tax Law’s Impact on M&A Coming into Focus

Overview


Daniel Zucker noted that the new tax law changed the net operating loss (NOL) carryback in the sale of a private-equity-owned company. “Now . . . the NOL gets carried forward and the buyer benefits from it,” Mr. Zucker said. He recommended that sellers seek to have the buyer “compensate the seller for the value of this net operating loss carryforward.”