@radbrad wrote:
Thanks! That all makes sense *except* the SOL on the amendment. Are you talking about 26 U.S. Code § 6511 or is there some other section I'm missing? 6511(d)(2) looks like it would extend the time for a 2016 refund if it is due to a NOL carry back filed within the timeline (including extension) of the due date for the NOL loss year (2017) which for me is 10/16/2021.
I was not aware of that section, so possibly. You may want to write "filed pursuant to 6511(d)(2) on top of the tax return.
Because of the huge IRS backlog, I would still want to file an original 2016 return with the NOL. If you file an original return without the NOL tomorrow (10/6/21) and then mail the amended return on 10/15/21, things could get crossed up in the mail and cause a real headache. Also you would still have the problem that if your 2016 return shows tax owing, you will be billed for penalties and interest, and those won't be negated by filing the amended return to claim the NOL. And make sure you use registered mail and get proof of mailing and proof of delivery.
