VIDEO: CARES Act – Business Loss Limitations
The CARES Act contains a provision that hits pause on the excess business loss limitation rules from the Tax Cuts and Jobs Act for tax years 2018, 2019, and 2020.
In this video, Delap partner Melissa Burr, CPA, gives an overview of the TCJA business loss limitation rules, how the CARES Act alters those rules, and what this means for you.
If we can be helpful to you as you evaluate your options during this time, please don’t hesitate to get in touch. We’re happy to go into specific detail about how this change will affect you, run projections, and give you guidance on the steps you need to take.