OptiMedica
Medical DeviceMaximized the value of prior-year losses to reduce current tax liability.
Companies that spent years investing before turning a profit often have significant net operating losses sitting on the books. VPTax reviewed OptiMedica’s NOL position and made sure those prior-year losses were fully applied to reduce current and future tax liability, rather than left unused or limited.
Outcomes
- Prior-year losses fully leveraged to reduce current tax liability
- Net operating loss position tracked and preserved through growth