BUSINESS TAXES
Corporations with NOL carry backs should receive their refunds promptly, the IRS says. Even though Congress extended the five-year NOL carry back to firms with average annual gross receipts of $15 million or more, the Service says it has enough staff to turn around those refund claims in the normal 90-day period.
Corporations with NOL carry backs should receive their refunds promptly, the IRS says. Even though Congress extended the five-year NOL carry back to firms with average annual gross receipts of $15 million or more, the Service says it has enough staff to turn around those refund claims in the normal 90-day period.
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