Net operating loss definition

Net operating loss means a loss incurred by a person in the operation of a trade or business. "Net operating loss" does not include unutilized losses resulting from basis limitations, at-risk limitations, or passive activity loss limitations.

Net operating loss means the excess of the deductions over the

Net operating loss means the negative taxable income that may result after the deductions allowed by the Business License Law in determining net income for the tax year.

Examples of Net operating loss in a sentence

• Net operating loss carry-forwards, if not utilized, start to expire in 2027.

• Net operating loss is an indicator variable equal to one if the firm reports a positive tax loss carryforward during the year (Compustat TLCFi,t).

• The following table presents the deferred tax assets and liabilities by source:Deferred tax assets: Net operating loss carryforwards $487,525 $64,546 Research and development tax credit carryforwards 4,812 - Other differences 26,486 - Valuation allowance (518,823) (64,546)Net deferred tax assets $- $- The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized.

• Net operating loss carry forwards and temporary differences resulting from differing treatment of items for taxation and financial accounting and reporting purposes are recognized on the Company’s consolidated balance sheet by adjusting the effect for deferred income tax assets and liabilities.

• Net operating loss carrybacks and the suspension of the 80% taxable income limitation do not apply to disqualified taxpayers.

More Definitions of Net operating loss

Net operating loss means a loss incurred by a person in the operation of a trade or business. For a person who is not an individual, net operating loss must be calculated on an adjusted federal taxable income basis without regard to the deduction for net operating losses contained in ORC 718.01 E(8). "Net operating loss" does not include unutilized losses resulting from basis limitations, at-risk limitations, or passive activity loss limitations.

Net operating loss means any net operating loss, as defined by Section 172(c) of the Internal Revenue Code, as that section may be amended or renumbered, for a taxable year as further increased by the income, if any, from obligations of the United States for that year less related expenses;

Net operating loss means the amount of any net operating loss as defined in the Code or under the tax law of any state.

Net operating loss means for any year in the Performance Period a loss that results from adjusting a net loss as reported in the Company's consolidated financial statements to eliminate the effect of the following items, each determined based on generally accepted accounting principles: (1) losses resulting from discontinued operations; (2) the cumulative effect of changes in generally accepted accounting principles; and (3) any other unusual or infrequent loss which is separately identified and quantified.

Net operating loss means the portion of the reasonable costs of operating an intercity bus service route that cannot rea- sonably be financed from revenues derived from the route.

Net operating loss mean, for each Fiscal Year, an amount equal to the Partnership’s items of taxable income or loss for the Fiscal Year, determined in accordance with Code Section 703(a)(1) and including items required to be separately stated, with the following adjustments:

Net operating loss means a net operating loss for income tax purposes occurring in the two taxable years preceding the year in which the sale of net operating loss carryover occurs.