The IRS has issued crucial guidance on procedures to implement tax provisions of the recently enacted CARES Act.
Key Points:
..Allows a five-year carryback for net operating losses (NOLs) generated in 2018, 2019, and...more
The newly enacted CARES Act attempts to lessen taxpayers’ federal income tax obligations and increase their cash flow during the COVID-19 pandemic.
Key Points:
..Allows a five-year carryback for net operating losses...more