SECTION 382 SERVICES

Section 382

If you need a Section 382 Study done accurately, timely, and within budget, we can do it. Our work has withstood many audits.

Section 382 Consulting

We provide consulting services to firms that need Section 382 studies for their clients and to companies who need a study done.

Software

If you are a frustrated with using spreadsheets, you should consider using our software. It’s easy-to-use and accurate!

Analysis & Modeling

Planning to raise capital or issue stock to new shareholders? Don’t be blindsided by Section 382.

Ongoing Support

Do you need ongoing tracking of testing dates or “what-if” scenario updates? Do you need access to an expert?

Training

If it has been a while since you have done a Section 382 Study or if you just need to ask a few questions, we can help.

Get Started with your Section 382 Study!

SECTION 382 RESOURCES

Here are the first in a series of how-to videos that we hope you find useful

Section 382 FAQs

What is Section 382?
What is a Section 382 Study?
Why Is a Section 382 Study necessary?
When do you need a Section 382 Study?
What information do you need to get started?
What is Section 382?

Section 382 of the Internal Revenue Code places an annual limit (“the Section 382 Limitation”) on a loss corporation’s utilization of certain tax attributes when an “ownership change” occurs.

What is a Section 382 Study?

A Section 382 Study is a detailed date-by-date analysis of the changes in the percentage ownership of a loss corporation’s 5-percent shareholders over a 3-year testing period.  The purpose of a Section 382 Study is to determine whether and when the loss corporation had an “ownership change”.

Why Is a Section 382 Study necessary?

The purpose of the study is simple:  determine whether and when the company triggered Section 382. Without a Section 382 Study, a company is “in the dark” and has no accurate way of determining the amount, if any, of its tax losses that it can use on its tax return.

When do you need a Section 382 Study?

A Section 382 Study is usually prepared when companies are profitable (or expect to be) and can use their tax losses.  It may also be prepared in connection with the due diligence on an M&A transaction if a target company has substantial tax losses, or when a company does an IPO.

What information do you need to get started?

The type of information needed to prepare a Section 382 Study includes:

  • Cap tables

  • Annual financial statements

  • Quarterly financial statements

  • Valuation reports and

  • Tax returns

 If the company is publicly traded, other information may be needed, e.g., Schedules 13D and 13G, Forms 3, 4, and 5.

Long-Term Tax-Exempt Interest Rates

2018 Rates
2017 Rates
2016 Rates
2015 Rates
2014 Rates
2013 Rates
2012 Rates
2011 Rates
2010 Rates
2018 Rates

The long-term tax-exempt rate is the highest of the adjusted Federal long-term rates in effect for any month in the 3-calendar-month period ending with the calendar month in which the change date occurs.


JAN 2018  – 1.96%


FEB 2018 – 1.97%


MAR 2018 –


APR 2018 –


MAY 2018 – 


JUNE 2018 –


JULY 2018 – 


AUG 2018 – 


SEP 2018 –


OCT 2018 –


NOV 2018 – 


DEC 2018 –


2017 Rates

The long-term tax-exempt rate is the highest of the adjusted Federal long-term rates in effect for any month in the 3-calendar-month period ending with the calendar month in which the change date occurs.


JAN 2017  – 2.04%


FEB 2017 – 2.09%


MAR 2017 – 2.09%


APR 2017 – 2.09%


MAY 2017 – 2.09%


JUNE 2017 – 2.09%


JULY 2017 – 2.04%


AUG 2017 – 1.99%


SEPT 2017 – 1.93%


OCT 2017 – 1.93%


NOV 2017 – 1.93%


DEC 2017 – 1.96%


2016 Rates

The long-term tax-exempt rate is the highest of the adjusted Federal long-term rates in effect for any month in the 3-calendar-month period ending with the calendar month in which the change date occurs.


JAN 2016 – 2.65%


FEB 2016 – 2.65%


MAR 2016 – 2.65%


APR 2016 – 2.53%  


MAY 2016 – 2.27%


JUNE 2016 – 2.25%


JULY 2016 – 2.24%


AUG 2016 – 2.15%


SEP 2016 – 2.08%


OCT 2016 – 1.82%


NOV 2016 – 1.54%


DEC 2016 – 1.68%


2015 Rates

The long-term tax-exempt rate is the highest of the adjusted Federal long-term rates in effect for any month in the 3-calendar-month period ending with the calendar month in which the change date occurs.


JAN 2015 – 2.80%


FEB 2015 – 2.68%


MAR 2015 – 2.67%


APR 2015 – 2.47%    


MAY 2015 – 2.47%


JUN 2015 – 2.50%


JUL 2015 – 2.74%


AUG 2015 – 2.82%


SEP 2015 – 2.82%


OCT 2015 – 2.82%


NOV 2015 – 2.64%


DEC 2015 – 2.61%

2014 Rates

The long-term tax-exempt rate is the highest of the adjusted Federal long-term rates in effect for any month in the 3-calendar-month period ending with the calendar month in which the change date occurs.


JAN 2014 – 3.49%


FEB 2014 – 3.56%


MAR 2014 – 3.56%


APR 2014 – 3.56%    


MAY 2014 – 3.36%


JUN 2014 – 3.32%


JUL 2014 – 3.27%


AUG 2014 – 3.14%


SEP 2014 – 3.06%


OCT 2014 – 3.05%


NOV 2014 – 2.94%


DEC 2014 – 2.80%

2013 Rates

The long-term tax-exempt rate is the highest of the adjusted Federal long-term rates in effect for any month in the 3-calendar-month period ending with the calendar month in which the change date occurs.


JAN 2013 – 2.84%


FEB 2013 – 2.83%


MAR 2013 – 2.77%


APR 2013 – 2.77%    


MAY 2013 – 2.70%


JUN 2013 – 2.70%


JUL 2013 – 2.80%


AUG 2013 – 3.16%


SEP 2013 – 3.28%


OCT 2013 – 3.50%


NOV 2013 – 3.50%


DEC 2013 – 3.50%

2012 Rates

The long-term tax-exempt rate is the highest of the adjusted Federal long-term rates in effect for any month in the 3-calendar-month period ending with the calendar month in which the change date occurs.


JAN 2012 – 3.55%


FEB 2012– 3.55%


MAR 2012 – 3.47%


APR 2012 – 3.26%    


MAY 2012 – 3.26%


JUN 2012 – 3.26%


JUL 2012 – 3.26%


AUG 2012 – 3.06%


SEP 2012 – 3.02%


OCT 2012 – 3.01%


NOV 2012 – 2.87%


DEC 2012 – 2.87%

2011 Rates

The long-term tax-exempt rate is the highest of the adjusted Federal long-term rates in effect for any month in the 3-calendar-month period ending with the calendar month in which the change date occurs.


JAN 2011 – 4.10%


FEB 2011– 4.47%


MAR 2011 – 4.55%


APR 2011 – 4.55%    


MAY 2011 – 4.55%


JUN 2011 – 4.30%


JUL 2011 – 4.30%


AUG 2011 – 4.17%


SEP 2011 – 3.86%


OCT 2011– 3.82%


NOV 2011 – 3.77%


DEC 2011 – 3.55%

2010 Rates

The long-term tax-exempt rate is the highest of the adjusted Federal long-term rates in effect for any month in the 3-calendar-month period ending with the calendar month in which the change date occurs.


JAN 2010– 4.14%


FEB 2010– 4.14%


MAR 2010 – 4.03%


APR 2010 – 4.03%    


MAY 2010 – 4.03%


JUN 2010 – 4.01%


JUL 2010 – 4.01%


AUG 2010 – 4.01%


SEP 2010 – 3.99%


OCT 2010– 3.98%


NOV 2010 – 3.86%


DEC 2010 – 3.67%

Get Started with your Section 382 Study!

Why You Should Engage Us For Your SECTION 382 STUDY 

Detailed Reports

Our reports are detailed, which is exactly what you need in the event of an audit.

Accurate and Precise

Our tax consultants use a robust web-based software solution for all Section 382 Studies.

Quick and Efficient

We have the tools and expertise to get your Section 382 Study done on time.

Cut Your Audit Risk

Take advantage of our expertise by getting a Quality Section 382 Study.

Affordable

Our prices are easy on your bank account . Just a fraction of what the ``Big 4`` charge.

Awesome Cient Support

Have a question? Need help with your Section 382 Study? We're just a phone call away.

ABOUT US

Top accounting firms engage us to review and in some instances, do their most complex Section 382 Studies.  CFOs and Tax Directors of public and private companies also rely on us for all phases of a Section 382 Study, including transaction modeling, 5-percent shareholder tracking, and compliance. Whether you need a Section 382 Study, an NOL valuation model, a Section 382(l)(5) vs. (l)(6) comparison, a State NOL/Section 382 analysis, a Section 382 Limitation Calculation, or anything in between, we have the expertise.

Brief Bio

Before starting Section 382 Solutions, I practiced tax law at a law firm in Washington, D.C. and was a Manager in the National Tax Department and Mergers and Acquisitions Tax Group at Ernst & Young, LLP.  I hold a J.D. (SUNY Buffalo) and LL.M. (Tax Law) from NYU School of Law and am admitted to practice in both New York State and the District of Columbia.
Along with a team of experienced tax consultants, we provide a suite of easy-to-use products and services that help accounting firms, valuation firms, law firms, and public and private companies comply with one of the most confusing and complicated Federal tax rules — Section 382.
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3470 Olney Laytonsville Road
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Olney, MD 20832
+301 760 8535
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