David Hill, CPA, Senior Manager, Tax

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CARES Act and Net Operating Losses

Posted by David Hill, CPA, Senior Manager, Tax on Jun 17, 2020

On March 27th, 2020 the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act) was signed into law.  The purpose of the CARES Act is to provide economic relief to people and businesses who have been impacted by the COVID-19 pandemic.  One of the provisions of the CARES Act is the expansion of options for how taxpayers can utilize their Net Operating Losses (NOL’s).

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