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Tax Planning Opportunities for Businesses: Net Operating Losses
The Coronavirus Aid, Relief, and Economic Security Act suspends the 80 percent limitation on the use of net operating losses (NOL) for tax years beginning after December 31, 2017, and before January 1, 2021, and NOLs generated in the same period may be carried back up to five tax years.
Read on to find out what this means for your organization and what tax planning opportunities are available to help generate or increase NOLs.