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:
Level: Basic level
Author: NATP Staff
Publication Date: 2019
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