The Internal Revenue Service has released guidance on how eligible tiny businesses may take advantage of the enhanced net operating loss NOL carryback provisions of the American Recovery and Reinvestment Act of 2009. Qualifying tiny individuals and businesses with a NOL in 2008 can elect to offset this loss against income gained in up to five prior years, instead of the otherwise generally available two-year limit three years for the portion of the NOL arising from a theft loss.
Reviews (2)
Michael Street
Nov 25, 2020
Old adage, Do not skimp on your Doctor, your Lawyer, or your Accountant. I have been with this firm for decades. In the 1990s I was notified by IRS to show up with boxes of records. The audit was based on years prior to signing on with Michelle Herting. I took advice of hers, ended up paying a few thousand dollars based on mileage. I have friends get audited all the time, some use unscrupulous so called tax preparors and IRS use these over reaching fakes to go after all their clients.
With Michelle Hertings reputation, I think its just the opposite. I do not like taxes or paying or anything to do with it, but I can say Michelle Herting makes the experience least anxietious.
With Michelle Hertings reputation, I think its just the opposite. I do not like taxes or paying or anything to do with it, but I can say Michelle Herting makes the experience least anxietious.
Andrew Braham
Apr 17, 2020
