The U.S. IRS has posted Questions and Answers (Q&As) concerning net operating loss (NOL) carrybacks of C Corporation to taxable years in which the Alternative Minimum Tax applies. The Q&As are provided in relation to the NOL relief provided as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). --- Questions and Answers about NOL Carrybacks of C Corporations to Taxable Years in which the Alternative Minimum Tax Applies The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) amended section 172(b)(1) to provide for a carryback of any net operating loss (NOL) arising in a taxable...