JPX Global Inc (JPEX)

[jufel]

Hi Jpex shareholders
This post is related to a subject we talked about weeks ago:
"Business tax loss carry forward limits"
Apparently there are very good news thanks to the Tax Cuts and Jobs Act (TCJA)

"Net operating losses (NOLs), losses incurred in business pursuits, can be carried forward indefinitely as a result of the Tax Cuts and Jobs Act (TCJA); however, they are limited to 80% of the taxable income in the year the carryforward is used."

When I first encounter this subject many years ago the law allowed companies to deduce upto 20% of the Carry forward loss from the net income as I recalled it , also every state had particular manners to operate such tax provision, and the business could do so only for 5 years. So I decided to research a little bit about it and for my surprise Government has favorably changed the rules