Carry your losses (further) forward
By: Owsley, John [author]
Contributor(s): Clymer-Knapp, Kathryn [author] | Preusch, Nick [author]
Language: English Set: Carry your losses (further) forwardCopyright date: 2018 In: Journal of Accountancy Vol. 225 Issue 5: (May 2018), pages 62-69Summary: The article discusses the Tax Cuts and Jobs Act (TCJA), which would cut the top corporate income tax rate from 35% to 21% and provided a 20% deduction for qualified passthrough and sole proprietor-ship business income. Topics discussed include changes to the net operating loss (NOL) carryback/carry-forward rules, issues related to business deductions of taxpayer and new deduction for foreign derived intangible income and global intangible low-taxed income under Sec. 250.| Item type | Current location | Home library | Call number | Status | Date due | Barcode | Item holds |
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JOURNAL ARTICLE
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COLLEGE LIBRARY | COLLEGE LIBRARY PERIODICALS | Not for loan |
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The article discusses the Tax Cuts and Jobs Act (TCJA), which would cut the top corporate income tax rate from 35% to 21% and provided a 20% deduction for qualified passthrough and sole proprietor-ship business income. Topics discussed include changes to the net operating loss (NOL) carryback/carry-forward rules, issues related to business deductions of taxpayer and new deduction for foreign derived intangible income and global intangible low-taxed income under Sec. 250.
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