Our network

net operating loss carryback

When Losses Are a Good Thing

November 5, 2009 by Barbara Weltman with 148 views

No business owner wants to lose money. But if this happens, there can be a silver lining—a tax break that enables the owner to recoup taxes paid in prior years. This is called a net operating loss (NOL) carryback, and Congress just made things better for owners with losses. Under the Worker, Homeownership, and Business Assistance Act... [read more]

Logo