Welcome to Tax No Tuesday!! The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) amended section 172(b)(1) to provide for a carryback of any net operating loss (NOL) arising in a taxable year beginning after December 31, 2017, and before January 1, 2021, to each of the five taxable years preceding the taxable year in which the loss arises (carryback period). Tune in every Tuesday for more helpful tax tricks and tips! Bonus! Like, share & comment on this post and DOWNLOAD FREE Tax, Payroll & Bookkeeping CHECKLISTS: bit.ly/2E3n8vD Having your own business should be fun. Instead of spending a lot of time and money on jobs, you can outsource, why not entrust the technical aspects of your business to someone professional and competent? WYCOTAX make your business easier by working on your taxes, payroll, and bookkeeping needs. Call us TODAY! Disclaimer: This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal and accounting advice. WYCOTAX, LLC is an outsource tax, payroll and bookkeeping company and not associated with any aforementioned institution.

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