Skip to main content
Net Operating Losses E-book (2019) – PDF Version - #E3937

Net Operating Losses E-book (2019) – PDF Version - #E3937

Priced as low as:

Table of Contents.


Even the most profitable businesses experience loss and tax professionals need to know the provisions under §172, Net Operating Loss Deduction. This type of loss occurs when certain tax-deductible expenses exceed taxable revenues for a taxable year. Plus, the IRS analyzes an NOL under alternative minimum tax (AMT) rules. Without a basic understanding of net operating losses (NOL), tax professionals cannot provide their business clients with the best possible outcome. This book enhances a tax professional’s understanding of NOLS and alternative minimum tax NOLS (ATNOLs).

Net Operating Losses covers:

  • How to determine if a business or individual has incurred an NOL.
  • How to correctly calculate the amount of the NOL to maximize the amount to carry over or carry back.
  • Identifying the elections and provisions of carrying back and carrying forward the NOL.
  • Distinguishing between business and nonbusiness income and losses in order to correctly calculate the NOL.
  • Ensuring the deadline for filing a carryback is met to provide the taxpayer the most flexibility in claiming an NOL deduction on Form 1045 or Form 1040X.

Product Details:

Level: Basic level

Author: NATP Staff

Publisher: NATP

Publication Date: 2019

Format: Electronic

Nonmembers – Join Now, Save More!

Corresponding CPE Courses:

Get this book FREE when you purchase the corresponding course below.

Net Operating Losses Self-Study Course

Purchase Info:

After checking out, instantly obtain your product at My Downloads.

Electronic products are nonreturnable.

Add to Cart