CARES Act Update Net Operating Losses By Darius Clark (FAR 14:31)

CPA FAR Exam-CARES Act Update, Net Operating Losses, By Darius Clark

There are changes to the AICPA blueprint in 2020 that impact the CPA FAR Exam as a result of the CARES Act. COVID 19 resulted in massive business losses in 2020 resulting in companies paying no income tax. But that did not free up needed cash. So, government decided to allow companies that had NOL

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