CARES Act Makes Significant Changes to Four Key Business Tax Provisions Enacted in the Tax Cuts and Jobs Act of 2017
The Energy Law
MARCH 28, 2020
The CARES Act eliminates the excess business loss limitation for the Impacted Tax Years (2018, 2019, and 2020) – though it remains in effect for the 2021 through 2026 individual tax years. Alternative minimum tax payments could be carried forward and credited against the regular income tax liability in later tax years.
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