California generally conforms to the federal provisions regarding net operating loss (“NOL”) deductions. However, California’s seemingly endless battle with budget deficits has resulted in periodic ...

Thanks to the Job Creation and Worker Assistance Act of 2002, many clients and practitioners have many new strategies to consider. One that requires immediate attention is the treatment of net ...

Section 382 of the Internal Revenue Code generally requires a corporation to limit the amount of its income in future years that can be offset by historic losses (i.e., net operating loss ...

A net operating loss is a tax concept. It occurs when you have more deductions than income for the year and individual taxpayers, estates and trusts can have a net operating loss as well as a ...

California A.B. 85, signed by Governor Newsom on June 29, 2020, suspends the use of .NOLs for tax years beginning in 2020, 2021, and 2022. The NOL suspension applies to both individuals and ...

Speculation that Republican presidential candidate Donald Trump went years — maybe decades — without paying federal income taxes has generated questions about "loopholes" available to real estate ...

If your business has a loss, whatever the reason, you’ll need to address it from a tax perspective. The Tax Cuts and Jobs Act (TCJA) puts a new limit on excess business losses for noncorporate ...