eLearning

Introduction to Net Operating Losses - Overview of the Deduction & Basic Calculation

Price: $224 eLearning

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DESCRIPTION

This course describes the basic tax principles for converting a net operating loss sustained by a taxpayer into a net operating loss deduction.

Educational Objectives:
•Determine the need and requirements for taking the NOL deduction 
•Distinguish NOLs from the NOL deduction 
•Identify the basic types of taxpayers eligible for the NOL deduction
•Determine the types of activities that give rise to the NOL deduction for individuals, estates, and trusts 
•Calculate NOLs and NOL deductions 
•Identify the modifications applicable to corporate and non-corporate taxpayers in calculating the NOL.