Net operating losses

Net operating losses

Losses that a firm can take advantage of to reduce taxes.

Operating Loss

The state in which a company's operating expenses exceed its income for a given period of time, usually a quarter or a year. A company can carry back or carry forward operating losses for a certain number of years, reducing the company's tax liability. This is positive, but an operating loss still means that the company is losing money, which cannot be sustained over the long term.
References in periodicals archive ?
In addition, federal, New York State, and New York City audit changes, with regard to net operating losses incurred prior to January 1, 2015, will have an impact on the PNOLC unless the statute of limitations for the 2015 tax return has expired.
M2 EQUITYBITES-December 11, 2015-Dataram announces completion of sale of qualified net operating losses for approximately USD190,000
937m from the sale of its net operating losses under the New Jersey Technology Business Tax Certificate Transfer Programme for 2014.
NYSE: BBX) has adopted a shareholder rights plan aimed at preserving BBX Capital's ability to utilize available net operating losses to offset future taxable income.
The checklist also encourages tax advisers to consider other issues, such as business/non-business treatment, apportionment and allocation factors, net operating losses (NOLs) and supporting documentation.
TAX PRACTITIONERS CAN SPEED UP the processing of net operating losses by avoiding some common errors.
United Airlines has reportedly asked the bankruptcy court to order the US government to return USD388m in tax overpayments and refunds for net operating losses which it claims have been frozen improperly.
I spent a lot of time during the mid-1990s working to repeal the Alternative Minimum Tax (AMT) 90 percent rule for net operating losses (NOLs).
To lengthen the carryback period for net operating losses to five years.
In conjunction with the company's Form 10-Q review of its unrecognized deferred tax assets, it was determined that the recognition of a deferred tax asset related to net operating losses originating prior to the Syntax-Brillian merger could not be used to offset income tax expense in the statement of operations.
Net operating losses originating in 2001 and 2002 that are carried back and net operating losses carried over to these two years, however, are not subject to the 90% rule.
Topics include: the nature of bankruptcy and insolvency proceedings, taxation of bankruptcy estates and debtors, corporate reorganizations, use of net operating losses, tax consequences to creditors of loss from debt forgiveness, and more.