Sustained

As everyone is aware, over the past few years our economy has been very unstable. Because of this many businesses have lost hundreds of thousands of dollars. Some businesses have been able to cut back to survive, others have been able to borrow money to weather the storm and others have had to give up and go out of business income actual loss sustained

Business Income Actual Loss Sustained With Net Operating Loss

This has caused a tax situation that up until about 5 years ago was very uncommon. It is called a Net Operating Loss or NOL. A NOL …