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.

operating loss

The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income.

References in periodicals archive ?

The authors, however, make no mention of a factor that could have substantial impact on taxpayers who have incurred sizeable net operating losses. This is the provision found in IRC section 56(d)(1)(A)(i) limiting the net operating loss deduction for AMT purposes to 90% of alternative minimum taxable income.

Beneficial AMT calculation

WORCESTER - Three of the state's major health maintenance organizations yesterday reported operating losses for the second quarter ended June 30.

State HMOs report operating losses; Fallon, HMO Blue, Harvard Pilgrim rely on investment 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.

State and local tax resources from the AICPA

Ganger Rolf ASA and Bonheur ASA report operating losses for 2005

Sales for the January-June period of 2003 weren't given but operating losses were up on the 2003 figure of SEK0.9m.

FlyMe AB reports 6-month operating loss of SEK69.2m

By contrast, the Commission has not approved Spain's plan to grant Hunosa aid of Euro 4.23 million for 2001 to cover the operating losses of installations of the former Minas de Lieres S.A.

COAL: COMMISSION DEMANDS REPAYMENT OF SPANISH STATE AID

* To lengthen the carryback period for net operating losses to five years.

TEI urges prompt enactment of economic stimulus legislation: November 13, 2001

In 2000, in Intermet Corp., 209 F3d 901, the Sixth Circuit had determined Treasury regulations sections 1.1502-11 and 1.1502-21 allowed net operating losses to be carried back for 10 years to the extent consolidated product liability losses exceeded the consolidated net operating loss.

Consolidated carryback of product liability expenses

That model restricts the recognition of net deferred tax assets to the amount that would be recovered based upon the presumed carryback of net operating losses that result from scheduling the reversal of existing temporary differences by year.

The FASB revisits Statement 96, Accounting for Income Taxes

In an effort to protect net operating losses, the bankruptcy court applies several provisions in the bankruptcy code (Title 11 of the U.S.

Protecting and preserving net operating losses

The state's major health maintenance organizations all reported operating losses for the first quarter, citing seasonal increases in the use of health care services and rising medical costs.