Owsley, John <br/><br/>
Carry your losses (further) forward 

<br/><br/> 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.