Tax Warrior Chronicles

Carryback and Carryforward Periods for NOLs – A Tax Lifeline for Business Owners

Posted on Mon, May 11, 2015

With the economy continuing to trend upward since the 2008 recession, many businesses have returned to profitability.  No business owner ever wants to operate at a loss, but sometimes the economy and other factors dictate otherwise.  However, a loss isn’t always a bad thing when you’ve been profitable in prior years or anticipate large profits in future periods.

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