Changes to Net Operating Losses

There are benefits to taking advantage of net operating losses (NOLs) for business and individuals, and here Frank Holzenthal summarizes the recent IRS guidance to the NOL changes and important dates to consider. The CARES Act includes changes to the tax treatment of NOLs, which occur when tax deductions exceed its taxable income within a… Read More

Looking Forward? How about a Carryback

TIME TO LOOK BACK – a Carryback for Cash During these financially challenging times, many of us are looking forward to days of normalcy. But Wegmann Dazet’s Frank Holzenthal says maybe you should be looking back! That’s correct; in fact, the CARES Act allows you the opportunity to get some much needed cash in your… Read More

Tax Provisions of the CARES Act

We read CARES, so you don’t have to! From individual stimulus checks to employer payroll taxes, and from retirement account withdrawals to alcohol excise taxes, Wegmann Dazet’s Frank Holzenthal provides an important summary of TEN federal tax benefits resulting from the recently passed Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.   Economic Stimulus Payments… Read More