Successfully appealed Internal Revenue Service examination denial of $ 1.39 million
net operating loss carry - forward.
Our current business strategy is to enhance stockholder value by pursuing opportunities to redeploy our assets through an acquisition of one or more operating businesses with existing or prospective taxable earnings that can be offset by use of
our net operating loss carry - forwards («NOLs»).
Based on publically available information, as of 8/16/07, the company currently holds cash, equivalents and investments in marketable securities of $ 25.4 million and has significant federal and New York State and City
net operating loss carry - forwards.
The liquidation value excludes the potential value of federal and New York State and City
net operating loss carry - forwards.
Not exact matches
During Channel's start - up phase, the company accumulated enough
net -
operating -
loss carry - forwards to deduct against three years» worth of revenues.
Currently, we do not expect the utilization of our
net operating loss and tax credit
carry - forwards to be materially affected as no significant limitations are expected to be placed on these
carry - forwards as a result of our previous ownership changes.
In addition, we have not yet determined whether this offering would constitute an ownership change resulting in limitations on our ability to use our
net operating loss and tax credit
carry - forwards.
GE had
net operating losses at the height of the financial crisis that federal law allows them — and every other corporate taxpayer — to
carry over to subsequent tax years so as not to unfairly burden it with the calendar set by bureaucracy.
Unlike
net operating loses, there is a $ 3,000 annual limit to the
losses that can be
carried forward.
Granted, this is likely to be a somewhat small amount for most people in this situation, but for others, such as business owners or farmers with
carried - over
Net Operating Losses, it could be sizeable.
If such deductions exceed taxable income then the expense can be treated as
net operating loss to be
carried forward to reduce taxes in future periods.