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To: GVTucker who wrote (96816)2/15/2008 6:24:28 AM
From: Ed Ajootian  Read Replies (2) | Respond to of 206325
 
GV, I tend to look at this issue from a pragmatic viewpoint. If I have a net operating loss in a state, and believe that I will incur NOL's in that state for the forseeable future, I don't file in that state. I have yet to find a state whose "failure to file" penalty is not based on a percentage of the tax liability.