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March 1, 2010

Here's How to File for Net Operating Loss Carrybacks

New net operating loss carryback provisions have been provided under the Worker, Homeownership, and Business Assistance Act of 2009. Eligible individuals have until Oct. 15, 2010, to choose this expanded carryback option. Eligible calendar-year corporations had until Sept. 15, 2009. Small businesses with deductions exceeding their income in 2008 can...

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