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Please read the article below and write a paper that includes the following:
https://future.aicpa.org/news/article/net-operating-losses-cares-act-changes
Read the Schreiber article on the AICPA website and answer these questions:
Explain the Net Operating Loss rules under Sec. 172 and how they were amended by the Tax Cuts and Jobs Act.
Explain how this amended section was further changed and amended by the CARES Act.
Explain the details of Sec. 2303(d) of the CARES Act.
Explain Sec. 965(a) and how it relates to the amendments put forth with the CARES Act.
How does these changes affect businesses and do you belief that it is going to accomplish what it originally intended or is it a band aid on a much larger problem.
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