Question
Can you elaborate on this statement? The Cares Act allows a five-year carryback of an NOL generated in a taxable year beginning after December 31,
Can you elaborate on this statement?
The Cares Act allows a five-year carryback of an NOL generated in a taxable year beginning after December 31, 2017, and before January 1, 2021. The Cares Act still allows for an indefinite carryforward period so no change to carryforwards just carrybacks.
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Accounting Principles A Business Perspective Financial Accounting Chapters 9 To 18
Authors: Bill Buxton, Amy Sibiga
1st Edition
1461160863, 978-1461160861
