Month: May 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in previous tax law. Here’s a look at how the rules for claiming certain tax losses have been modified to provide businesses with relief from the novel coronavirus (COVID-19) crisis. Net Operating Loss CARES Act Deductions Basically, you may … Continue reading “The CARES Act Liberalizes Net Operating Losses”