Comments on: Businesses Get Tax Break http://www.taxgirl.com/businesses-get-tax-break/ Paying taxes is painful... but reading about them shouldn't be. Fri, 10 Feb 2012 20:02:48 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Loss Carryback Rules Leading to Refunds | taxgirl http://www.taxgirl.com/businesses-get-tax-break/comment-page-1/#comment-14512 Loss Carryback Rules Leading to Refunds | taxgirl Tue, 16 Feb 2010 19:10:14 +0000 http://www.taxgirl.com/?p=4283#comment-14512 [...] As previously blogged, the Worker, Homeownership and Business Assistance Act of 2009 expanded the net operating loss (NOL) provisions of the American Recovery and Reinvestment Act (ARRA). The bill, which was tacked onto the homebuyer’s credit extension/expansion in November, would allow businesses which suffered losses in 2008 or 2009 to retroactively apply those losses to any five years prior to 2008. The expansion applies to all companies except those that took money as part of TARP. A similar rule, known as a “net-operating loss carryback” or “NOL carryback”, had been in place before but only allowed losses to be carried back for two years. [...] [...] As previously blogged, the Worker, Homeownership and Business Assistance Act of 2009 expanded the net operating loss (NOL) provisions of the American Recovery and Reinvestment Act (ARRA). The bill, which was tacked onto the homebuyer’s credit extension/expansion in November, would allow businesses which suffered losses in 2008 or 2009 to retroactively apply those losses to any five years prior to 2008. The expansion applies to all companies except those that took money as part of TARP. A similar rule, known as a “net-operating loss carryback” or “NOL carryback”, had been in place before but only allowed losses to be carried back for two years. [...]

]]> By: Alex http://www.taxgirl.com/businesses-get-tax-break/comment-page-1/#comment-12805 Alex Tue, 10 Nov 2009 14:02:26 +0000 http://www.taxgirl.com/?p=4283#comment-12805 Do you think the MacDonald's and the McDonald's ever fight over control of the farm? Do you think the MacDonald’s and the McDonald’s ever fight over control of the farm?

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