Posts tagged net operating losses.

In the late hours of March 25, 2020, the United States Senate met to vote on a third “Coronavirus” bill to provide relief to the American people.  The Senate ultimately passed H.R. 748—the Coronavirus Aid, Relief, and Economic Security Act or “CARES Act.”  Two days later, the House followed suit and sent the bill the President for his approval.  The Act contains many stimulus provisions, even some that affect recently-amended Internal Revenue Code (“Code”) sections.  This post covers an important amendment to Section 172, which governs the use of “net operating ...

Posted in: CARES Act/PPP
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