Tax Reform NOL Changes On-Demand Webinar

Summary

The goal of every business owner is to make a profit, but sometimes losses do occur. As a tax professional, you must know how to handle net operating losses (NOLs) when this happens. Not all business losses result in NOLs at the individual taxpayer level, but you need to know what qualifies as a NOL and how to properly calculate and report it. We’ll also review new options taxpayers have under the Tax Cuts and Jobs Act.

Objectives

Upon completion of this course, you will be able to:

  • Identify if a business or individual has incurred an NOL.
  • Calculate the amount of the NOL.
  • Identify how to report the NOL properly.
  • Compare and contrast the rules prior to and after the TCJA.
  • Recognize when an NOL can be carried back under the TCJA rules.
  • Compute the NOL deduction for each taxpayer when there is a filing status change.

Course Details

This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.






   

Presented by: Randy Lawshé, EA

How to Earn CPE

To receive credit for this on-demand webinar, you must make at least one attempt to answer each of the review questions included with the webinar video. You also must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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