net operating loss carryback and carryforward

Tag: net operating loss carryback and carryforward

Net Operating Loss Carryback and Carryforward

Net Operating Loss Carryback and Carryforward What is a net operating Loss carryback and carryforward? A net operating loss occurs when a company’s operating expenses and allowable tax deductions exceed its operating income for an accounting period. Companies pay taxes on operating income. When companies incur an operating loss, there is no taxable income, so

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