An NOL has the potential to generate extra revenue for the taxpayer:

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An NOL has the potential to generate extra revenue for the taxpayer:

business accounting

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Answer 1

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I would say for the carryback, carryover, or carryforward year because the NOL can allow you to get back taxes that you paid in.It takes the IRS 90 days to process form 1045.Therefore we can say that NOL has the potential to generate extra revenue for the tax payer.

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An NOL has the potential to generate extra revenue for the taxpayer:

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An NOL has the potential to generate extra revenue for the taxpayer:

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