2012 Status of the California Net Operating Loss Deduction

by | Jul 8, 2015 | State

For the tax years 2008 through 2011 California had suspended the Net Operating Loss (NOL) deduction for corporate and individual taxpayers with income above a specified threshold ($500K in 2008/2009; $300K in 2010/2011). Because of the economic hardship that many...

The IRS’ Hi-Tech Efforts

by | Jul 8, 2015 | Federal

Over the past few years, the IRS has made efforts to become more accessible to taxpayers through technology. In 2009, the IRS launched a YouTube video channel www.youtube.com/irsvideos. During 2011, the IRS launched IRS2Go, a smartphone application that lets you...