What NET OPERATING LOSS (NOL) means: A NOL is the net loss for the year attributable to business or casualty losses. Depending on the nature of the loss, it may be carried back for two, three, or five years before the year of the loss. The loss is subtracted from the income reported on the return and the unused loss can be carried forward for up to 20 years.
- Definition Noncustodial Parent:
- Dictionary The noncustodial parent is the parent who does not have physical custody of the child or who has custody of the child for the samller part of the year net operating loss (nol) definition.
- Definition Nontaxable Earned Income:
- Dictionary Income a taxpayer receives for services that is excludable from gross income. Examples include military housing allowances, ministers' housing allowances, and excludable combat pay net operating loss (nol) explain.
- Definition Nontaxable Income:
- Dictionary Income that is by law exempt from tax net operating loss (nol) what is.
- Definition Nonrefundable Credit:
- Dictionary A credit that cannot exceed the taxpayer's tax liability net operating loss (nol) meaning.
How works Net Operating Loss (NOL meaning in Tax definitions N .
