If you own a business that had a net operating loss in 2008 you may be eligible to get a refund on that loss now.
The IRS has expanded the net operating loss carryback for up to five years instead of the usual two. This special option is available only until September 15, 2009 for calendar year taxpayers so find a tax preparer to help you file your claim now.
Please keep in mind, as with everything related to taxes there are limitations on this carryback, so ask your tax professional if your business qualifies.
Best wishes,
Gina
http://GLGcpa.com



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