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.

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.
References in periodicals archive ?
It promised that "NOL will make an appropriate announcement in the event that there are any material developments" and consulted stakeholders capitalists to "exercise caution when dealing in shares in and other securities of NOL.
1, 2015, the carryback amount may not exceed 75 percent of the NOL.
Taxable income before charitable deduction and NOL carryover = $1 million
IRS procedures require that a manual refund be issued in any case where the NOL carryback is more than $1 million or whenever the 45-day deadline is imminent or has expired.
For the first half of the year, NOL posted a net loss of 67 million US dollars, compared to a 1-million-dollar profit from a year ago, while revenue grew 9 per cent to 4.
The benefit that NOL provides for retiring or soon-to-be-retired business owners is the flexibility to control their taxable income during the Roth conversion process.
Further information on the NOL carryback procedures will appear in the May 11 Internal Revenue Bulletin.
It is also important to note that the NOL will be automatically carried back for a refund unless you make a special election not to do so.
As part of its continuous IT and telephony transformation, NOL will also replace existing older PBX equipment with IP telephony.
Al Awadi said the sales of personalised NOL cards during the first half of this year have leapfrogged to 160 per cent compared with the same period last year.
Sales of Personalized NOL cards during the first half of this year have leapfrogged to as much as 160 per cent compared to the same period last year, whereas the sales of NOL cards seasonal permits have rocketed to 94 per cent when compared to their figures reported during the same period last year.
NOL said that the divestment of APL Logistics follows a robust and highly competitive process, and that the net proceeds of the sale will be applied to strengthen its financial position, including to repay its borrowings.