Nov
11,
2020
Downsides to the COVID-19 Tax Relief Legislation That Could Impact the R&D Tax Credit
NOL rules frequently change and are oftentimes not favorable to a taxpayer. Prior to the CARES Act, the TCJA would not allow NOLs to be carried back and only 80% of NOL carryforwards would be allowed to offset taxable income effective for tax years commencing January 1, 2018....