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 ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act, H.R. 748) included changes to the federal income tax loss (NOL) carryforward provisions under Section 172 of the Internal Revenue ...

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 ...

Negative taxable income on a taxpayer's Internal Revenue Service (IRS) Form 1040 tax return is known as a net operating loss (NOL). This may enable a taxpayer to claim a refund for all estimated tax ...

2008 seems to have been a tough year for private equity investor, Stephen Adams and his wife Denise. According to a decision on the Connecticut Superior Court, their 2008 federal individual income tax ...

The IRS provided guidance on how taxpayers who want to elect to waive or reduce the new provision requiring taxpayers with net operating losses (NOLs) arising in tax years beginning in 2018, 2019, and ...