For taxable years ending in 2001 and 2002, the Job Creation and Worker Assistance Act of 2002 extended the carryback period for net operating losses to five years. Before the Act, the carryback period ...

As part of the new carryback opportunity under the CARES Act, taxpayers may need to determine who controls the refund if the company receiving the refund was acquired after 2017. Before the tax ...

In general, a tax-exempt organization can engage in one or more unrelated trades or businesses and can recognize a limited amount of unrelated business taxable income (“UBTI”). Prior to the TCJA, ...

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 ...