Description
Gain an understanding of the CARES act and the use of net operating losses.The CARES Act provides many important avenues for businesses and individuals to recognize financial and tax benefits. This topic will discuss the use of net operating losses. Many changes such as the deduction for QIP and suspension of the excess business loss rules are retroactive to 2018. New interest deduction rules apply for 2019. Special provisions apply for partnerships. NOL’s can be carried back 5 years providing an avenue to receive needed funds. However, there are important time requirements and filing procedures.
Date: 2020-05-28 Start Time: End Time:
Learning Objectives