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. Understanding net operating losses can be confusing. For example, who can claim a net opertating loss (NOL)? How do you know if you have a net operating loss (NOL)? What can cause an NOL. How is it computed? And how do you claim an NOL deduction? Read on to get the answers. By the way, you don't have to be in business to have an NOL.