Month: April 2018

When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs. If when filing your 2017 income tax return you found that your business had an NOL, there is an upside. The upside to this are the tax benefits, including net operating loss carryback. But beware, the 2018 tax reform bill … Continue reading “Net Operating Loss Carryback: It Isn’t All Bad News”