S19-Net Operating Losses After TCJA

Thursday, June 27 | 1:20 pm - 3:00 pm
Track: Business
CE:
     2 hours Federal Tax Update (EA, CRTP, OTRP)
     2 hours Taxes/Tax Planning (CPA, CFP)
     1.75 hours Taxation Law (Attorney – CA Bar MCLE)
     2 hours (CSEA/NAEA)
Speaker: Kevin C. Huston, EA, USTCP, MBA, ChFC, CLU

Description: The TCJA changed many Net Operating Loss (NOL) provisions. This session covers the NOL rules, limitations, and very limited carryback opportunities available after the TCJA.

Learning Objectives
1. Learn what a Net Operating Loss (NOL) is
2. Learn how to calculate an NOL
3. Learn the new NOL limitations
4. Learn to compute carryovers from pre and post TCJA changes

Learning Level: Intermediate

Prerequisites: A basic understanding of individual 1040 taxation, including Schedules C and E

Advanced Preparation: None