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Sponsored by Lorman Education
Product ID: 407737EAU
 
Credit & Course Provided by:

CARES Act - Net Operating Losses and Related Business Provisions

OnDemand Webinar (89 minutes)

Gain an understanding of the CARES act and the use of net operating losses.The CARES Act provides many important avenues for businesses and individuals to recognize financial and tax benefits. This topic will discuss the use of net operating losses. Many changes such as the deduction for QIP and suspension of the excess business loss rules are retroactive to 2018. New interest deduction rules apply for 2019. Special provisions apply for partnerships. NOL's can be carried back 5 years providing an avenue to receive needed funds. However, there are important time requirements and filing procedures.

Authors

Robert S. Barnett, CPA, Esq., Capell Barnett Matalon & Schoenfeld LLP

Agenda

CARES Act Changes

• Qualified Improvement Property

• 163(j) Interest Rules

• Excess Business Loss

Net Operating Loss History

• Pre-TCJA

• TCJA Changes and Limitations

• CARES Act

Comprehensive Example