COVID-19 has resulted in catastrophic losses estimated in excess of $16 Trillion dollars world-wide. The effects that COVID-19 has had on businesses will be long felt after the pandemic has subsided. In this session, we will discuss current policies and tax strategies centered around making the most of a bad situation.
Identify the varying types of losses and their appropriate applications
Identify recent legislative and regulatory developments concerning losses
Recognize the interaction of tax losses and other important provisions of the IRC