A developer such as Donald Trump can use a net operating loss "carryforward" to lower his taxes. That may sound weird, but the law has been in... Speculation that Republican presidential candidate ...
In CCA 201928014 (July 12, 2019), the IRS Office of Chief Counsel provides its view of the interplay between the net operating loss (NOL) carryover rules set forth in Internal Revenue Code (Code) § ...
Section 382 of the Internal Revenue Code generally requires a corporation to limit the amount of its income in future years that can be offset by historic losses (i.e., net operating loss ...
Speculation that Republican presidential candidate Donald Trump went years — maybe decades — without paying federal income taxes has generated questions about "loopholes" available to real estate ...