For taxable years ending in 2001 and 2002, the Job Creation and Worker Assistance Act of 2002 extended the carryback period for net operating losses to five years. Before the Act, the carryback period ...

As part of the new carryback opportunity under the CARES Act, taxpayers may need to determine who controls the refund if the company receiving the refund was acquired after 2017. Before the tax ...

The CARES Act includes a temporary change to how companies make use of net operating losses when they file taxes. A company that earns less taxable income than it can claim in deductions can now carry ...

Under the Coronavirus Aid, Relief and Economic Security Act (the CARES Act), corporations, partnerships and certain other taxpayers are permitted to carryback net operating losses (NOLs) [1] up to ...

Thanks to the Job Creation and Worker Assistance Act of 2002, many clients and practitioners have many new strategies to consider. One that requires immediate attention is the treatment of net ...

The IRS issued guidance on how eligible small businesses may take advantage of the enhanced net operating loss (NOL) carryback provisions of the American Recovery and Reinvestment Act of 2009, PL ...