Tax News & Views - November 5, 2009Vol. 10, No. 59 |
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Author
Tax Policy Group, Deloitte Tax LLP
- House approves temporary five-year NOL carryback; president’s signature expected – The House of Representatives voted 403-12 on November 5 to approve a Senate-passed unemployment insurance extension bill (H.R. 3548) with a provision that would permit businesses with net operating losses (NOLs) in tax years 2008 or 2009 to carry back those losses for five years.
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Tax News & Views - November 5, 2009
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