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Net Operating Losses - Carrybacks, Now You See Them Now You Don’t  

CATEGORY: Taxation
COURSE ID: W625T, VERSION 1.00
  Webinar
2 CPE Credits
Level: Basic

The Tax Cuts and Jobs Act eliminated carrybacks for NOLs but the CARES Act has brought them back. Also, the TCJA restricted the loss to 80% of income in the year to which a loss is carried. But the CARES Act removes that restriction. While it has become confusing these changes have created some wonderful planning opportunities when considering the various options and elections which are available to taxpayers.

This webinar reviews the history of NOLs, the calculations and the procedures to implement a carryback for a refund or a carryover for deduction in future years.

This webinar also covers the Excess Business Loss rules as introduced by TCJA and modified by the CARES Act.

THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.

Instructor: Tony Johnson, CPA
Instructor assignments are fluid and subject to change.

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