Federal and international cash generation strategies has been saved
Federal and international cash generation strategies
Part of the Tax News & Views podcast series
As a response to the business conditions related to COVID-19, certain federal and international tax regulations may allow cash to be retained or generated. Listen as we highlight some of the provisions from the CARES Act, including optimizing the five-year net operating loss (NOL) carryback provision, changes to the Tax Cuts and Jobs Act of 2017, and accounting methods planning.
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Tax podcast: Federal and international cash generation strategies
April 14, 2020
Businesses are looking to either save or generate cash as a response to COVID-19. Taxpayers are looking to NOL carrybacks, filing for quick refunds, 2019 and 2020 accounting methods planning, and federal and international tax planning considerations as potential cash generation options.
On our latest tax podcast, Joe Carino of Deloitte Tax explains to listeners what some of the different strategies could mean for tax departments in their recovery planning.
I think, from an international perspective, you really need to look at everything you're doing holistically. The world has changed since tax reform. You just can't go back, and if you have a loss and carry it back and get the cash in kind of a vacuum, you need to look at your overall position and all of your attributes.
— Joe Carino
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