OrbitaxIRS Issues Guidance on Changes to Excess Business and Net Operating Losses
|Approved Changes|United States
The U.S. IRS has issued guidance on changes for excess business loss limitations and net operating losses introduced in the Tax Cuts and Jobs Act.
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WASHINGTON — The Internal Revenue Service issued guidance on excess business loss limitations and net operating losses following law changes in the Tax Cuts and Jobs Act (TCJA).
Excess business losses
The TCJA modified existing tax law on …
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