8 Things You May Not Know About Queen Elizabeth II. Explore eight interesting facts about Britainâs long-serving monarch, who ascended the throne upon the death of her father in February 1952.
Net operating loss (NOL) A net operating loss (NOL) results when a business allowable deductions exceed its gross income for the tax year. It can use the NOL in another year to reduce taxable income. When the NOL is carried back to a previous year a refund may result. While less common, individuals may have an NOL from expenses other than business losses, including: Employee business expenses;
Net Operating Losses. For financial accounting purposes, the existence of a net operating loss, or NOL, is what creates a tax receivable balance for a company. A NOL occurs when a company reports a loss for the fiscal year rather than reporting taxable net income or profits.