Net Operating Losses means for each taxable year of the Company an amount equal to the Company's net income or loss for such year as determined in accordance with the Federal income tax accounting methods and rules used by the Company on its Federal Partnership Information Return, but excluding Net Disposition Profits and Net Disposition Losses, and increased by any non-taxable income received by the Company and decreased by any non-deductible expenses incurred by the Company.
Net Operating Losses or "NOLs" shall mean the deduction allowed as a carryforward for losses incurred in a prior taxable period.
Net Operating Losses. With respect to any period, shall mean the excess of -------------------- aggregate expenses incurred during (or attributable to) such period by the Company and not by any Portfolio Company or Investment (other than expenses directly relating or attributable to the sale, purchase, exchange or distribution of Portfolio Securities) over the aggregate income earned during such period by the Company from all sources whatsoever (other than net gain from the sale, purchase, exchange or distribution of Portfolio Securities), such Net Operating Losses to be computed in accordance with applicable U.S. federal income tax accounting principles and (to the extent possible) with generally accepted accounting principles.
Examples of Net Operating Losses in a sentence
Schedule A/B, Part 11, Question 72 – Tax Refunds and Unused Net Operating Losses The Debtors have not finalized the calculation of the 2017 net operating loss.
Get Publication 120, Net Operating Losses for Individuals, Estates, and Trusts, for more details on computing the NOL and the allowable deduction.
The Company is in the process of preparing amendments to its Federal and Wisconsin State income tax returns for the fiscal year ended March 31, 2011 to reflect an additional depreciation adjustment, resulting in an approximately $3 million increase in Net Operating Losses carryforward.
Net Operating Losses The NOLs of the LBHI Tax Group (including LBHI-Controlled Entities) are subject to audit and adjustment by the IRS and primarily expire in or about 2028.
Get Publication 120, Net Operating Losses for Individuals, Estates, and Trusts, from any Department of Revenue office for more details on computing an NOL and the allowable deduction.c. Relocation assistance.
More Definitions of Net Operating Losses
Net Operating Losses means the loss, if any, incurred by MUSA in the operation of the U.S. LMR Distribution Business between August 1, 1996 and the date of the closing of the Securicor Transaction, calculated by subtracting the following amounts from the aggregate net revenue of the U.S. LMR Distribution Business during such period:
(a) costs of all goods and services sold in the U.S. LMR Distribution Business in generating such net revenue;
(b) employment costs, lease and operation expenses of facilities, sales and marketing expenses, general and administrative expenses, service agreements, depreciation and amortization (but expressly excluding any amortization of the purchase price, the Trademarks or the goodwill of MIC acquired pursuant to this Agreement) incurred in the operations of the U.S. LMR Distribution Business; and
(c) interest expense and Taxes incurred by MUSA directly related to the conduct of the U.S. LMR Distribution Business.
Net Operating Losses with respect to any period, shall mean the excess of aggregate expenses incurred during (or attributable to) such period by the Company (other than expenses directly relating or attributable to the sale, purchase, exchange or distribution of Portfolio Securities) over the aggregate income earned during such period by the Company from all sources whatsoever (other than net gain from the sale, purchase, exchange or distribution of Portfolio Securities), such Net Operating Losses to be computed in accordance with applicable U.S. federal income tax accounting principles and (to the extent possible) with generally accepted accounting principles.
Net Operating Losses means the excess, if any, of all expenses incurred by the Trust (other than expenses incurred in the purchase, sale or other disposition of Portfolio Crypto Assets or Securities) over the aggregate income earned by the Trust from all sources whatsoever (other than from the purchase, sale or other disposition of Portfolio Crypto Assets or Securities).
Net Operating Losses means the extent to which the Company’s allowable Tax deductions have exceeded its Taxable income.
Net Operating Losses any losses associated with TSI's Business for accounting and Tax purposes.
Net Operating Losses means the net operating loss carryforwards (within the meaning of IRC Section 172) generated and relating to the period commencing January 1, 1998 through December 31, 1998 (the "Final Pre-Spin Tax Period") that are not utilized through carryback and unconditionally survive the final and unappealable conclusion of the audit of the Final Pre-Spin Tax Period currently being conducted by the Internal Revenue Service.
Net Operating Losses means such Operating Costs that are in excess of Net Smelter Returns.