COVID-19 CARES Act Net Operating Losses
The Internal Revenue Service issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses, offering a six-month extension to file on carrybacks.
Tag: taxes
Marriage Penalty | Tax Cuts and Jobs Act
The marriage penalty refers to two people that may pay more in taxes as a married couple than they would filing two single returns. Does this penalty really exist? See how the Tax Cuts and Jobs Act (TCJA) may affect couples and taxes.