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
Michael Street — Old adage, Do not skimp on your Doctor, your Lawyer, or your Accountant. I have been with this firm for decades. In the 1990s