tax reform

Cash Flow Analysis

Employee Business Expenses After Tax Reform: What Changed?
BySteven Buker July 14, 2020May 21, 2026

The Tax Cuts and Jobs Act of 2017 changed the tax deductibility of unreimbursed employee business expenses for most individuals. Specifically, the deductibility of unreimbursed employee expenses on Form 2106 is now limited to Armed Forces reservists, qualified performing artists, and a few other groups of taxpayers. Assuming that lenders won’t often receive a qualifying…

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Cash Flow Analysis

Net Operating Losses After Tax Reform: Cash Flow Considerations
BySteven Buker February 18, 2020May 21, 2026

Due to recent tax reform, there has been a change in the tax law for net operating losses (NOLs). While the cash flow treatment of NOLs remains the same, its appearance on tax returns may be different. Before the recent tax reform, NOLs could either be carried back two years or carried forward twenty years….

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