BNN Tax Snacks: Net Operating Losses for the 2020 Taxpayer
In this episode, Josh and John discuss planning opportunities for businesses and individuals that may have a net operating loss (NOL). They'll cover general rules for NOLs in 2020 and items to consider when planning for 2020 and beyond.
BNN Tax Snacks is a podcast from Baker Newman Noyes covering timely and impactful federal and state tax developments affecting our clients, friends, and other listeners. In the tax world, the impact of 2020 will be felt for quite some time. In the next several episodes of BNN Tax Snacks, you'll hear from a few of our tax specialists about business and tax topics directly related to the COVID-19 pandemic, the tax law changes it set in motion, and what those changes mean to individual taxpayers as well as businesses.