Monthly Archives: April 2020

Guidance issued for NOLs under the CARES Act

April 13, 2020

The CARES Act signed March 27 included provisions regarding net operating losses (NOLs) relating to carrybacks in an effort to provide tax relief. On April 9, the IRS released guidance on this measure including: “waiving the carryback period in the case of a net operating loss arising in a taxable year beginning after Dec. 31, […]