Companies of all sizes could benefit from an amendment that allows them to carry back net operating losses (NOLs) for a refund of taxes paid in the previous five years. The bill is getting bipartisan support but could get held up by unrelated amendments.
NOL Carryback Tax Break Resurrected
[1] | Source: The Big Fat Finance Blog [2].
Links:
[1] http://bigfatfinanceblog.com/2009/10/29/nol-carryback-tax-break-resurrected/
[2] http://bigfatfinanceblog.com/