bzellmer
Level 1
07-27-2021
07:46 AM
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To eliminate tax on unemployment NOL carryforwards were used, but now that unemployment is exempt, the NOLs carried forward to 2021 need to be increased.
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sjrcpa
Level 15
07-27-2021
11:41 AM
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If nothing changes except the amount of the NOL carryforward there is no need to amend. Document the change in your file.
The more I know the more I don’t know.
BobKamman
Level 15
07-27-2021
12:05 PM
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I think I agree with that, but documenting it in MY file isn't what's most important. At my age, I don't buy green bananas. Make sure it's documented in YOUR CLIENT's file.
