Intermediate
Tax Memo: Net Operating Loss (NOL) Carryovers
Drafts a memo on the limitations of NOLs under the TCJA and CARES Act.
Draft a memo regarding the use of Net Operating Losses (NOLs) for {company_name}. The company has an NOL of {nol_amount} from 2019 and {current_year_nol} from this year. Explain the 80% taxable income limitation, the indefinite carryforward rule, and any applicable 5-year carryback provisions from the CARES Act.Related Prompts
Tax
BeginnerCorporate tax return workplan and data request list
Creates a corporate tax return workplan and a targeted data request list tied to key schedules. Useful for tax seniors coordinating compliance and ensuring completeness.
GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
2
Tax
IntermediateBook-to-tax reconciliation (M-1/M-3 style) with JE suggestions
Builds a book-to-tax reconciliation and identifies permanent/temporary differences with documentation notes. Useful for tax provision and return preparation.
GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
2
Tax
IntermediateDepreciation book vs tax (MACRS/IFRS) schedule tie-out
Compares book depreciation to tax depreciation, identifies differences, and prepares supporting schedules. Useful for both compliance and provision teams.
GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
2