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4:47
YouTube
XQ CPA
How to Utilize Net Operating Loss (NOL) to Offset Prior Taxable Income
What is Net Operating Loss? In this video, we are covering net operating loss, the TCJA, and the changes that the CARES act has created for it. If you own a business and your expenses exceed your revenue, you may potentially have a net operating loss (NOL). What does that mean for you TODAY? An NOL can benefit your tax position by carrying back ...
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