Alert November 17, 2009

Goodwin Procter Issues Client Alert on New Legislation Providing an Elective NOL Carryback Period of up to Five Years

Goodwin Procter issued a Client Alert discussing provisions of the recently enacted Worker, Homeownership, and Business Assistance Act of 2009,  under which taxpayers may elect to carry back net operating losses arising in a 2008 or 2009 tax year for up to 5 years.