If an LLC has no income tax expense in their filings - they go right to net income after accounting for interest expense - do you exclude the EBIT*(1-t) calc when getting to FCF? In other words, can I take EBIT and omit multiplying it by (1-t), then continue on with the other adjustments? Thanks in advance.
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Is it a situation where a parent co pays tax?
Apply tax based on the go forward capital structure / legal structure (e.g. if considering takeover where you would have to pay tax, put tax in).
Need more info on specific reason they aren’t paying tax now to comment further
Hope that helps
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