A Net Operating Loss on Your 2017 Tax Return Isn’t All Bad News
When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs. If, when filing your 2017 income tax return, you discover your business had an NOL, there is an upside: tax benefits. But beware — the Tax Cuts and Jobs Act (TCJA) makes some significant changes to the tax treatment of […]
