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Operating Loss Carryback | Topics | Lafayette Online
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Tag Archive | "operating loss carryback"

For many small businesses, fall filing deadline looms for special refund claims

WASHINGTON, DC — Time is running out for many small businesses wishing to take advantage of the expanded business loss carryback option included in this year’s recovery law, the Internal Revenue Service said today. Eligible individuals have until Oct. 15 to choose this expanded carryback option. Eligible calendar-year corporations have until Sept. 15. This carryback […]

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New law extends net operating loss carryback for small businesses; IRS to ensure refunds paid timely

WASHINGTON, DC — The Internal Revenue Service announced today that small businesses with deductions exceeding their income in 2008 can use a new net operating loss tax provision to get a refund of taxes paid in prior years. To accommodate the change in tax law, the IRS today updated the instructions for two key forms […]

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