New IRS Guidance on Obtaining Refunds for Net Operating Loss Carrybacks, Corporate AMT Carryforward Credits and Filing Amended Returns for Partnerships
The Energy Law
APRIL 17, 2020
1] The Internal Revenue Service (“ IRS ”) now has published guidance on how refunds attributable to the newly-permitted 5-year carryback of NOLs in section 172 of the Internal Revenue Code (the “ Code ”) and the accelerated use of AMT Carryforward Credits in section 53(e) of the Code can be obtained.
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