Description
The Tax Cuts and Jobs Act (TCJA) made turning business losses into tax refunds more difficult. The CARES Act suspended and modified many of those changes. This session will dig into the new rules for deducting business losses, address the new 5-year carryback, and discuss amended return and "quickie refunds."
Highlights
The major topics that will be covered in this class include:
- Review recent legislation, including the Tax Cuts and Jobs Act and CARES Act
- Deduction business losses
- New rules for carrybacks and carryforwards
- Form 1139 and Form 1045 for carryback reporting
- Amended returns
Objectives
After attending this presentation you will be able to...
- Apply new rules and regulations of the CARES Act
- Apply the business loss deduction rules and reporting on Form 1139 and 1045
- Discuss planning and potential pitfalls
Designed For
CFOs and members in industry
Registration for this course has passed.
Course Pricing
WYOCPA Member Fee
$79.00
Non-Member Fee
$103.00
Your Price
$103.00
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