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IRS delays in processing NOL refund claims costing taxpayers millions in interest

September 12, 2022

The Internal Revenue Service's backlog is having an impact in many areas, including the handling of noncorporate applications for refund claims on net operating losses.

United States Andrew Harrer Bloomberg Tax Administration Revenue Service Investment Division Internal Revenue Service

Source: accountingtoday.com

IRS approving most NOL carryback claims with little vetting

September 7, 2022

The agency issued billions of dollars in tax refunds to companies claiming net operating losses for prior years after passage of the CARES Act, but did little to examine the claims.

District Of Columbia United States Samuel Corum Bloomberg Us Corporation Income Tax Tax Administration Revenue Service

Source: accountingtoday.com

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Tentative Refund News Today

IRS delays in processing NOL refund claims costing taxpayers millions in interest

IRS approving most NOL carryback claims with little vetting

Explore More Categories