BROADFOOT, J.
The appellant claims the right to offset the net business losses of the four corporations that were merged with it, under the provisions of sec. 71.06, Stats. That section provides that if a taxpayer sustains a net business loss such loss may be offset against the net business income of the taxpayer the following year, and if not all used during the next fiscal year the remainder of such business loss may be offset against the income of the taxpayer...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
