NOL Carryback Tax Compliance Service – Partial Payment & Minimum Price

If you have an NOL in 2018, 2019, and 2020, the CARES Act allows five-year NOL carrybacks.

Price: $1,500.00


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Update September 6, 2021

It's too close to the September 15 and October 15, 2021 tax deadlines for us to accept returning clients for preparing 2020 tax returns, including NOL returns. If you purchase this service after September 5, 2021, we will not begin work on your 2020 tax returns until October 16, 2021. 

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This bill includes significant economic aid and tax relief provisions. Some tax relief applies retroactively to 2018, 2019, and 2020. If you have a net operating loss (NOL) from business activities in 2018, 2019, and 2020, you should consider filing NOL carryback claims going back five years. Active traders who are eligible for trader tax status (TTS) are considered businesses with NOLs. A TTS trader might have significant trading expenses or Section 475 ordinary losses comprising an NOL. See CARES Act Allows 5-Year NOL Carrybacks For Immediate Tax Refunds

Our NOL carryback tax compliance service includes

  • Analysis of your tax return history to assess NOL carryback refund potential.
  • Amending tax returns where necessary to apply changes under CARES like doing away with the excess business loss (EBL) limitation.
  • Preparation of your individual federal and state NOL carryback tax returns.
  • We expect some states might decouple from federal rules and not allow NOL carrybacks.

After purchase, our administration team will follow up with you by email to commence the NOL carryback tax compliance process. See how our virtual communication process works efficiently.

Our partial payment is also a minimum price. Kindly expect a balance due on our fees when we complete the tax compliance engagement. Please read Price & Billing Policies for more information.

If you have any questions, please contact us.

Thank you for trusting our firm to help you. We've earned trust from traders since 1983.

Robert A. Green, CPA
Darren L. Neuschwander, CPA
Adam W. Manning, CPA
Members, Green, Neuschwander & Manning, LLC