Some business losses are worth more than others
Not all losses are created equal. The rules surrounding net operating losses (NOLs) have changed quite a bit over the last few years and tax planning opportunities are ripe. Due to the COVID-19 economic downturn, many companies faced significant net operating losses in 2020. The Tax Cuts and Jobs Act (TCJA) passed in 2017 provided that […]
Biden, House release revised Build Back Better framework, bill
President Biden released Thursday a framework to help guide the drafting of legislative language for the Build Back Better bill. What once contained $3.5 trillion in spending, the BBB now has been negotiated down to about $1.850 trillion dollars. The tax provisions included in the BBB framework include: Corporate minimum tax and stock buyback surcharge. […]