The Tax Cuts and Jobs Act changed the NOL carryover rules. Prior to the tax la,v change,
Question:
The Tax Cuts and Jobs Act changed the NOL carryover rules. Prior to the tax la,v change, taxpayers could carry back an NOL for 2 years and carry forward for 20 years. After the tax law change, taxpayers can carry forward the NOL indefinitely. Compare the advantages and disadvantages of the two sets of rules.
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The carry back provision of the prior rules meant that taxpaye...View the full answer
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Related Book For 
Federal Taxation 2019 Individuals
ISBN: 9780134739670
32nd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson
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