Sentences with phrase «tax net operating loss»

I noticed that Form 6251 for 2013 has a couple lines related to NOLs (Line 10: Net operating loss deduction, and Line 11: Alternative tax net operating loss deduction), but my CPA left both of those lines blank.

Line 11: Alternative Tax Net Operating Loss deduction: This is the sum of the alternative tax net operating loss (ATNOL) carryovers and carrybacks to the tax year.

Not exact matches

Some of these measures exclude net realized investment gains (losses), net of tax, and / or net unrealized investment gains (losses), net of tax, included in shareholders» equity, which can be significantly impacted by both discretionary and other economic factors and are not necessarily indicative of operating trends.

A net operating loss means tax deductions are greater than the taxable income, which usually happens when business expenses have exceeded earnings.

Additionally, he said, «if you're a business owner with a net operating loss for your business, you can use a conversion to offset that loss without having to bear the tax burden.»

EBITDA is defined as earnings (net income or loss) before interest expense, net, (gain) loss on early extinguishment of debt, income tax (benefit) expense, and depreciation and amortization and is used by management to measure operating performance of the business.

This press release contains forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to our expectations regarding: GAAP net revenue, GAAP gross margins, GAAP operating expenses, GAAP operating loss, GAAP tax expense, GAAP EPS, non-GAAP revenue, non-GAAP gross margins, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP tax rate, non-GAAP EPS, share count and cash.

Also, please note that during this call and in the accompanying slides and press release, net sales, gross profit, gross margin, SG&A, SG&A margin, operating income / loss, other expense / income, net income / loss before provision benefit for income taxes, provision benefit for income taxes, income / loss from continuing operations and EPS are presented on both a GAAP and a non-GAAP adjusted basis.

The [net operating losses] will still shield the same amount of income, and the cash taxes paid will be the same.

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.

Under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, or the Code, if a corporation undergoes an «ownership change,» the corporation's ability to use its pre-change net operating loss carryforwards and other pre-change tax attributes, such as research tax credits, to offset its post-change income and taxes may be limited.

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.

Any limitations on the ability to use our net operating loss carryforwards and other tax assets could seriously harm our business.

For more information, see «Risk Factors — Our ability to utilize our net operating loss carryforwards and certain other tax attributes may be limited» elsewhere in this prospectus.

The Federal and State of California tax codes provide for restrictive limitations on the annual utilization of net operating losses to offset taxable income when the stock ownership of a company significantly changes, as defined.

In the event that it is determined that we have in the past experienced an ownership change, or if we experience one or more ownership changes as a result of this offering or future transactions in our stock, then we may be limited in our ability to use our net operating loss carryforwards and other tax assets to reduce taxes owed on the net taxable income that we earn.

Deferred tax assets relate primarily to net operating losses acquired as part of certain acquisitions.

These provisions are partially offset by tax base - broadening provisions, including reducing the limit on interest deductions ($ 172 billion), eliminating the domestic production activities deduction ($ 95 billion), limiting carryover of net operating losses ($ 156 billion), eliminating the orphan drug tax credit ($ 54 billion), and eliminating private activity bonds ($ 39 billion).

$ 155 million to $ 160 million $ 690 million to $ 700 million Operating income $ 175 million to $ 200 million $ 925 million to $ 985 million Gains and other income Approx $ 5 million Approx $ 10 million Net interest expense1 Approx $ 35 million Approx $ 150 million Equity in earnings (losses) Approx ($ 5) million Approx ($ 10) million Earnings per share $ 0.24 to $ 0.28 $ 1.35 to $ 1.45 Tax rate 34.0 percent 1 Net of interest income

«Last year, New York policymakers enacted a substantial corporate tax reform package which, once fully phased in, will lower the corporate income tax rate from 7.1 percent to 6.5 percent, eliminate the capital stock tax, extend net operating loss carrybacks from two to three years, and remove the carryback cap,» the group wrote.

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.

After you've subtracted your total operating expenses from your gross income, you can determine whether you have a net operating gain or loss, which is the amount that you will be taxed on.

· Tiberius» offer still would eliminate the use of MathStar's $ 140 million net operating loss carryforwards, which could shield taxes on more than $ 10 in earnings per share, if MathStar attains sufficient profitable operations in the future; and

· Tiberius» offer still would eliminate the use of MathStar's $ 140 million net operating loss carryforwards, which could shield taxes on more than $ 10 in earnings per share, if MathStar attains sufficient profitable operations in the future;

At September 27, 2008, [CRC] has refundable income taxes of $ 3,462,000, primarily from net operating loss (NOL) carrybacks, which are expected to be received in the fourth quarter of 2008.

Sometimes called net operating losses (NOL) for tax purposes, they result from the day - to - day operations.

States may also limit tax credits on these composite returns or disallow net operating losses or deductions that would be allowable on the individual return.

If the Titanic assets are worth $ 4 per share, will the company pay tax on the $ 4 per share or does it have a net operating loss (or tax basis in the assets) to shelter to the gain?

Common to all the aforementioned survivors of the Great Recession are misunderstood net operating losses that will shelter hundreds of billions of future profits from taxes over the years to come.

Installment Sales related items, Foreign Tax Credit, Passive Activities, Net Operating Loss carryovers, Schedule D amounts containing unrecaptured section 1250 gain (or anticipated for AMT purposes), sale of disposition of business assets, investment interest expense election including net capital gains in investment income, and items covered under «at risk» rules will not be accommodated by the systNet Operating Loss carryovers, Schedule D amounts containing unrecaptured section 1250 gain (or anticipated for AMT purposes), sale of disposition of business assets, investment interest expense election including net capital gains in investment income, and items covered under «at risk» rules will not be accommodated by the systnet capital gains in investment income, and items covered under «at risk» rules will not be accommodated by the system.

Technology Brands GAAP operating loss was ($ 359.8) million due to $ 390.9 million ($ 258.5 million net of taxes) in asset impairment and other charges.

It currently highlights the US tax reform's impact on M&A and transactional rules, including the status of the Net Operating Loss on private equity transactions before year - end, as well as unsettled questions related to the choice of entity.

Tax issues, including income from the discharge of indebtedness, income - tax consequences of debt modifications and the preservation and exploitation of net operating lossTax issues, including income from the discharge of indebtedness, income - tax consequences of debt modifications and the preservation and exploitation of net operating losstax consequences of debt modifications and the preservation and exploitation of net operating losses.

Adjusted Operating Earnings represents GAAP net income adjusted for exclusion of, a) investment gains and losses, net of tax, b) dividends on participating life policies related to capital gains, c) equity base tax (release), d) a deferred tax benefit associated with a foreign subsidiary, and e) the inclusion of certain statutory interest maintenance reserve amortization, net of tax, with an offset for amortization of deferred acquisition costs where applicable.

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.