Whats the deal on the carry back period for business losses?
A recent law expanded the carry back period for business net operating losses for companies of all sizes. Previously, just businesses with average annual gross receipts of $15 million or less could carry 2008 losses back for up to five years. If your business suffered an operating loss within the last five years, see us for information. Northampton accountants D.W. Polachek has the answers.
