IRS Gears Up for Flood of Refund Requests for NOL Carrybacks
Tuesday, March 31st, 2009CCH (http://tax.cchgroup.com/) reports:
The IRS is preparing to process an expected surge in refund requests resulting from the enhanced net operating loss (NOL) carryback in the American Recovery and Reinvestment Act of 2009 (P.L. 111-5) (2009 Recovery Act), Linda E. Stiff, deputy commissioner (Services and Enforcement) said on March 30. Stiff also reported that the White House and the Treasury Department are strongly supporting the Service’s international tax enforcement activities. Stiff
