Use it Or Lose It: Clock Ticking on CARES Act Carryback
Jonathan Verret Jonathan Verret

Use it Or Lose It: Clock Ticking on CARES Act Carryback

If your business shows a loss in tax year 2018, 2019, or 2020, then you can use that loss to offset your income from as far back as 2013. But how can you take advantage of this provision of the tax law if you aren’t showing an NOL this year?

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