article_search

Search Articles:

Product Finder

Search for products that match of these criteria:

 + Add row
Price:

CARES Act provides relief from TCJA loss limitation rules

$225.00

SKU: FOCas203. Category: .

Description

Abstract: The Coronavirus Aid, Relief, and Economic Security (CARES) Act undid, at least temporarily, several provisions of the 2017 Tax Cuts and Jobs Act (TCJA) that were unfavorable to taxpayers. These include changes to the rules for claiming certain business losses. This article explains that the act includes beneficial changes to the rules for deducting net operating losses (NOLs), such as easing the taxable income limitation on deducting NOLs. It also notes that the act temporarily removes the excess business loss disallowance rule for losses arising in tax years from 2018 through 2020.

Additional information

Year

Niche

Newsletter

Issue

Word Count