- net operating losses
net operating losses (NOLs)USAThe excess of allowable deductions over gross income in a specific taxable year. A loss from operating a business is the most common reason for a NOL. NOLs can generally be carried back two years and carried forward up to 20 years to offset taxable income (IRC § 172). A taxpayer can make an election to waive the carryback period and use only the carryforward period. There are special rules that limit the use of NOL carryforwards after certain corporate ownership changes (see IRC § 382).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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Net operating losses — Losses that a firm can take advantage of to reduce taxes. The New York Times Financial Glossary … Financial and business terms
net operating losses — losses that a firm can take advantage of to reduce taxes. Bloomberg Financial Dictionary … Financial and business terms
IRS Publication 536 - Net Operating Losses For Individuals, Estates, And Trusts — A document published by the Internal Revenue Service (IRS) that provides guidance to individuals who have more deductions than income in a given tax year. If the total deductions a taxpayer claims are greater than that taxpayer s income for the… … Investment dictionary
net operating loss carryforwards — (NOL carryforwards) USA net operating losses (NOLs) can generally be carried back two years and carried forward up to 20 years to offset taxable income (IRC § 172). A taxpayer can make an election to waive the carryback period and use … Law dictionary
Net operating loss — Under U.S. Federal income tax law, a net operating loss (NOL) occurs when certain tax deductible expenses exceed taxable revenues for a taxable year. If a taxpayer is taxed during profitable periods without receiving any tax relief (e.g. a… … Wikipedia
net operating loss carrybacks — The application of losses to offset earnings in previous years. Bloomberg Financial Dictionary … Financial and business terms
net operating loss carryforwards — Application of losses to offset earnings in future years. Bloomberg Financial Dictionary … Financial and business terms
Alternative Tax Net Operating Loss - ATNOL — The excess of deductions allowed over the income recognized for alternative minimum tax (AMT) purposes. It is calculated the same way that net operating losses (NOL) are, but with additional rules covering deductions, exclusions and preferences… … Investment dictionary
Operating Income Before Depreciation And Amortization - OIBDA — A non GAAP measure of financial performance used by companies to show profitability in continuing business activities, excluding the effects of capitalization and tax structure. Sometimes OIBDA is also considered to not include items such as… … Investment dictionary
Net Loss — The result that occurs when expenses exceed the income or total revenue produced for a given period of time. For tax purposes, net losses in one time period can be used to counteract the income/gains generated in another time period. Under tax… … Investment dictionary