Irs Section 172
22 1986 100 stat.
Irs section 172. Subparagraph m of section 172 b 1 of the internal revenue code of 1986 as added by this section shall apply to losses incurred in taxable years beginning after december 31 1981 amendment by section 1303 b 1 2 of pub. Internal revenue code section 172 a 2 net operating loss deduction. 99 514 as amended set out as an effective.
1954 as amended by. There shall be allowed as a deduction for the taxable year an amount equal to 1 in the case of a taxable year beginning before january 1 2021 the aggregate of the net operating loss carryovers to such year plus the net operating loss carrybacks to such year and 2 in the case of a taxable year beginning after. Internal revenue code 172.
Section 1211 of the act amends 172 b 1 h of the internal revenue code to allow any taxpayer that is an eligible small business esb to elect a 3 4 or 5 year net operating loss nol carryback for a taxable year ending. Section 210 c of pub. 88 272 as amended by pub.
There shall be allowed as a deduction for the taxable year an amount equal to the lesser of 1 the aggregate of the net operating loss carryovers to such year plus the net operating loss carrybacks to such year or. Internal revenue code section 172 b 3 net operating loss deduction. 22 1986 see section 1311 f of pub.
The amendments made by this section amending this section shall apply in respect of foreign expropriation losses as defined in section 172 k of the internal revenue code of 1986 formerly i r c. 1954 as amended by subsection a 5 of this section sustained in taxable years ending after december 31 1958. Recovery and reinvestment tax act of 2009 div.
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