NOL Tax Loss Carryforward

Loss Carryforward is an accounting concept related tonet operating loss. It is simply the procedure by which anet operating lossis carried forwards to a future period to reduce the amount of tax due.

For example, if a company has anet operating lossin 2011 but expects to be profitable in 2012, it can carryforward the 2011 loss to reduce the tax it has to pay in 2012.

Free Resources

To continue learning and advancing your career, check out these additional helpfulWSOresources:

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