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02/10/2012 at 03:34PM PST
Emails titled "QuickBooks security notice," "Quickbooks update" or "Tax Information Needed within 30 days" were not sent from Intuit and should be considered harmful. If you ever wonder whether an e-mail from Intuit is real or fake, please refer to the link below.

Thank you

http://security.intuit.com/security-alerts.php
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11/18/09 2:57pm PST

Selling net operating losses

There is a guy running around Tulsa, OK, trying to "buy" NOL's from people to offset the taxable income he will be reporting. He called one of my clients. Has anyone heard of this type of transaction? Is it legal? If so, how?

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11/18/09 3:16pm PST

Sounds like Madoff's brother to me

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I have heard of people trying to buy corporations with NOLs.  However, IRC §382 will generally preclude a purchaser from getting much benefit.

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