A net operating loss (NOL) can be carried forward
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Posted On: 02/07/2017 2:55:30 PM
A net operating loss (NOL) can be carried forward for up to 20 years and applied against any taxable income during that time period.
However, the IRS places restrictions on the use of the NOL if ownership changes.
I'm not sure how this will all pan out for the new company, but generally, NOLs are considered to be a valuable asset.
However, the IRS places restrictions on the use of the NOL if ownership changes.
I'm not sure how this will all pan out for the new company, but generally, NOLs are considered to be a valuable asset.
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