American Recovery and Reinvestment Act -- Sufficient Stimulus?

ARRA also includes an Alternative Minimum Tax (AMT) patch for 2009, a $70 billion tax extension that should shield about 26 million taxpayers from the AMT.

Two-Year Survival Plan

Companies currently in a loss position can also benefit from the longer net operating loss (NOL) carryback period. It gives small businesses in the red the ability to get immediate refunds of income taxes paid in earlier years. For NOLs in a tax year beginning or ending in 2008, ARRA allows eligible small firms to increase the carryback period from two to as many as five years. Eligible businesses qualify with $15 million (or less) in average gross receipts.