The IRS Wants to Give You Money for Your 2008 or 2009 NOL
Several businesses in our economic environment are getting crushed with banks not lending to them and consumers tightening their spending belts. Congress wants to give you back some of your money. What? Congress wants to give me back money? Yes, Congress passed a new law extending and expanding the treatment of net operating losses (NOLs) for corporations and flow-thru entities(S-corporations & Partnerships). Before this law was enacted, a business with a NOL could carry back two years and…See More
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