Robert and Susan Reid had an NOL of $30,000 in 2016. They had no taxable income for
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Robert and Susan Reid had an NOL of $30,000 in 2016. They had no taxable income for 2014 and $14,250 of taxable income for 2015 computed as
Write a letter to Robert and Susan informing them of the amount of the remaining NOL to be carried forward if the loss is applied against the 2015 taxable income. Also prepare a memo for the tax files. Their address is 201 Jerdone Avenue, Conway, SC 29526.
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Related Book For
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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