As Niyant mentioned just before we filmed this video, “It’s not really new, at this point.” Passed in 2017, the TCJA significantly altered the treatment of net operating loss carryforwards and carrybacks (NOLs). These changes have since been made permanent with the 2025 passage of the Big Beautiful Bill (OBBBA). Prior to TCJA, NOLs could be carried forward for 20 years and carried back for 2. That meant if you had a loss in 2015, you could use it to offset your past gains in 2014 or your...

English now has so many acronyms that the same acronyms are used for very different things. Context typically prevents any...

When Do Companies Need Valuations? I’m Eric Sundheim, CEO & Principal at Mercovus Valuations. This is a presentation I've given many...