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Individual Tax Return
Instructions for Form 1040
Request for Taxpayer Identification Number (TIN) and Certification
Request for Transcript of Tax Return

 

Employee's Withholding Allowance Certificate
Employer's Quarterly Federal Tax Return
Employers engaged in a trade or business who pay compensation
Installment Agreement Request

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Rules Governing Practice before IRS

Tax Reform changes the rules about Net Operating Losses

The Tax Cuts and Jobs Act made changes to the tax law, including Net Operating Loss (NOL) rules.

Here’s what changed:

  • For most taxpayers, NOLs arising after 2017 can only be carried forward.
  • Certain farming businesses and insurance companies (other than life insurance) can still use a two-year carryback for certain losses.
  • After Dec. 31, 2017, the net operating loss deduction is limited to 80 percent of taxable income.

Rules for existing or pre-2018 NOLs remain the same.