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.
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On February 12, 2018, the company disclosed in its annual report on Form 10-K for the year ended December 31, 2017 that, as of year-end, the company had federal net operating losses for all U.S.
15, Sears estimated it had net operating losses it could use to offset $5 billion of future taxable income, and separate tax credits of around $900 million.
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.
The net loss for the Q1 2016 includes a valuation allowance taken against deferred tax assets primarily related to domestic and foreign net operating losses. While these net operating losses have been reserved in our financial statements, they have not expired and remain available to offset future taxable income.
Biopharmaceutical company Celator Pharmaceuticals (NasdaqCM:CPXX) reported on Monday the receipt of about USD1.937m from the sale of its net operating losses under the New Jersey Technology Business Tax Certificate Transfer Programme for 2014.
Crossroads noted that the Plan is designed to serve the interests of all stockholders by helping to protect the company's ability to use its net operating losses to offset future tax liabilities and is similar to plans adopted by many other public companies with significant tax attributes.
(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 bill would allow businesses that post net operating losses in tax years beginning or ending in 2008 or 2009 to reach back over five years of net operating profits to claim the losses and request a refund from the federal government.
President Bush and lawmakers from both parties aim to quickly inject capital into the economy, which has been hit hard by turmoil in the housing and credit markets, by extending the time frame under which companies are allowed to retroactively deduct net operating losses against earlier profits.
RICHARDSON, TX -- Titan Global Holdings on Friday reported and net operating losses of $23.8 million on record revenues of $111 million for 2007.
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.
Net operating losses. A company may receive a tax deduction from an option exercise before actually realizing the related tax benefit because it has a net operating loss carryforward.