NOL Assessment at Consolidated Level for Tax Filing — Cloud Customer Connect
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NOL Assessment at Consolidated Level for Tax Filing

edited Aug 22, 2025 9:56PM in Tax Reporting (Direct Tax) 5 comments

Summary: Issue: The system is applying NOLs per entity, not at the consolidated level, which leads to incorrect results.

We’ve enabled NOL automation. Currently, our system assesses NOLs on an entity-by-entity basis, but for certain states and federal filings, we need to assess NOLs at the consolidated level for our tax filing. This mismatch is causing incorrect taxable income calculations and showing a loss at the conolidated level.

For example:

  • Taxable Income Before Loss: We are at loss at consolidated level due to how the calculation is performed example if you are -120k
  • Tax sharing NOL: Loss -120
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