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Recent Changes to Federal Net Operating Loss Carryback Provisions Create Potential Year-End Planning Opportunities for Taxpayers |
November 19, 2009
Previously published on November 16, 2009
On November 6, 2009, President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 (the Act). Among other things, the Act extends the period over which a net operating loss (NOL) may be carried back for tax years beginning in or ending in either 2008 or 2009.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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