Net Operating Loss

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Net Operating Loss (NOL)

A NOL is the net loss for the year attributable to business or casualty losses. Depending on the nature of the loss, it may be carried back for two, three, or five years before the year of the loss. The loss is subtracted from the income reported on the return and the unused loss can be carried forward for up to 20 years.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
Colorado does not allow an NOL to be carried to a year in which a different apportionment method is used from that used in the year in which the loss was sustained.
It always seeks to celebrate customers by offering them unique experience whenever the nol card is used.
Simon Nelson, chief executive officer, Mercury said: "We are delighted to partner with RTA and support their strategy of making Nol a multi-purpose card.
An acquiring company should also consider whether a potential target company's state NOL carryover is from a separate filing state or a combined income state.
For any portion of an NOL for a tax year that is a farming loss with respect to the taxpayer, the loss is allowed a two-year carryback (Sec.
As of December 31, 2016, the company had a US federal NOL carryforward of approximately USD 239.3 million, a California State NOL carryforward of approximately USD 40.6 million, and an Oregon State NOL carryforward of approximately USD 2.5 million.
"Enabling public from all social segments to use nol cards to meet their retail payment's needs is aligned with RTA's strategic goal No.
"The customer would then be able to top-up the Nol card instantly and buy a bus and metro permit without visiting ticket counters."
"The combined market presence delivered by the transaction would achieve the scale needed to enhance competitiveness for NOL's operations and offer a clear and sustainable long-term direction for the combined entity.
1, 2015, and after the carryback amount is 100 percent of the NOL.
NOL said deteriorating conditions in the global economy weakened trade demand and continued to put pressure on freight rates, while higher fuel prices affected operating costs.