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IRS Allows Wide Use Of Net Operating Losses, Even Tax Refunds

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Home Blogs > Business
Apr 13 '20 | By CEO | Views: 44 | Comments: 0

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For tax years starting after December 31, 2017 and before January 1, 2021—that’s 3 calendar years of losses that you incurred in 2018, 2019, or 2020—the new law allows you to carryback 100% of these NOLs to the prior five tax years.

Source: https://www.forbes.com/sites/robertwood/2020/04/13/irs-allows-wide-use-of-net-operating-losses-even-tax-refunds/

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