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Contact Information:
Edward S. Kisscorni, CPA
290 Suncrest Court, SW
Grandville, MI 49418

Office: 616/233-0667
Cell: 616/443-6730
Fax: 616/233-0667

Blog: www.EdKisscorni.com/Blog1
Email: Ed@EdKisscorni.com
 



 



 

 Blog 
Thursday, January 19 2012

Business Loss Carryforward and Small Business Credit Clarified

Public Act 312 of 2011 (H.B. 4949), effective January 1, 2012 removes language from the business loss deduction that limits the carryforward of the loss to not more than 10 tax years after the loss year.  The business loss can still be carried forward to the year succeeding the loss year and then to the next nine years.  

Public Act 313 of 2011 (H.B. 4950), both effective January 1, 2012 removes language from the small business credit so that its calculation is clarified.

Posted by: Ed Kisscorni AT 01:00 pm   |  Permalink   |  Email

 

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