Idaho Gov. Brad Little has signed legislation amending the method of calculating a personal income taxpayer’s net operating loss (NOL). The amendments enact: – a subtraction for amounts disallowed under IRC Sec. 461(l)(1)(B) treated as part of the taxpayer’s NOL carryforward for federal income tax purposes; and – an addition for any deduction under IRC […]
The post Idaho Amends Computation of State Net Operating Loss appeared first on Tax & Accounting Blog.