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Have NOL? Special carryback available

For 2008 and 2009, the IRS is allowing a NOL (net operating loss) to be carried back 5 years instead of 2.
 
This means you can recover more of the taxes paid in those previous years than normal.  Normal has been 2 years.  You can see for those business owners hurting from a couple of recent bad years, this could really help them.
 
If this scenario applies to you, give me a call and I'll be glad to help.
 
I am a CPA in San Antonio and serve individuals and small businesses in San Antonio and surrounding areas.

Richard J. Garcia | 05/04/2010