COVID-19: Net Operating Losses and Excess Business Losses for Individuals after the CARES Act Webina

Become familiar with time-sensitive changes tax practitioners need to know about net operating losses (NOLs) and excess business losses (EBLs) caused by the CARES Act.

• Year-by-year review of what options individual taxpayers have with regard to NOLs and EBLs incurred from 2018-2020 and the related filings and deadlines practitioners need to be aware of, including Form 1045, Form 1040-X, and elections to forgo net operating loss carrybacks
• Planning considerations practitioners should be aware of
• A practical approach to the procedural aspects and issues practitioners may encounter