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Net Operating Losses On-Demand Webinar

Summary

The Tax Cuts and Jobs Act (TCJA) eliminated net operating loss (NOL) carryback provisions for most taxpayers. To get more funds in the hands of taxpayers with businesses, the CARES Act essentially reversed the TCJA decision and added a longer five-year carryback period. Attend this webinar to learn how to identify which clients can make the most of the new NOL provisions.

Objectives

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

  • Determine if an NOL exists
  • Complete Form 1045 following the requirements of Rev. Proc 2020-24
  • Make an election to waive an NOL carryback for tax years beginning after Dec. 31, 2017, and before Jan. 1, 2020
  • Amend prior year returns for an NOL carryback

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.






   

Presented by: Randy Lawshé, EA

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