Net Operating Losses : Proposed Extension of Carryback Period.

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 consi...

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Bibliographic Details

Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2009.
Series:	U.S. Congressional Research.
Subjects:	Business cycles. Corporations > Taxation. Finance > Law and legislation. Electronic books.
Online Access:	Connect to the full text of this electronic book