Tax Treatment of Net Operating Losses.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Business cycles.

Finance--Law and legislation.

Finance.

Tax incentives.

Physical Description:

1 online resource (12 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2010.

System Details:

text file

Summary:

Explains current law and proposed legislation regarding the tax treatment of net operating loss (NOL), which is incurred when a business taxpayer has negative taxable income and can be used to obtain a refund for taxes paid in the past and/or to reduce future tax obligations. Highlights policy considerations relating to extension of the NOL carryback period.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2012). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress.Congressional Research Service. Tax Treatment of Net Operating Losses

Access Restriction:

Restricted for use by site license.