Net operating loss definition

Net operating loss means a loss incurred by a person in the operation of a trade or business. "Net operating loss" does not include unutilized losses resulting from basis limitations, at-risk limitations, or passive activity loss limitations.

Net operating loss means the excess of the deductions over the

Net operating loss means the negative taxable income that may result after the deductions allowed by the Business License Law in determining net income for the tax year.

Examples of Net operating loss in a sentence

• We anticipate our Net Operating Loss balance to benefit our cash flow beyond 2016.

• The allocations pursuant to this paragraph (d) shall be made after the allocation of Net Operating Income or Net Operating Loss for the applicable period in which such sale or other disposition occurs.

• The Target Award Number after giving effect to each such Net Operating Loss adjustment is referred to herein as the “NOL Adjusted Target Award Number.” If the Company does not incur a Net Operating Loss in any year in the Performance Period, your NOL Adjusted Target Award Number will be the same as your Target Award Number.

• If the Company incurs a Net Operating Loss for any year in the Performance Period, the Target Award Number will be reduced by one-third for each such year, effective upon certification by the Committee of a Net Operating Loss for such year.

• Burnham Securities took into consideration the management estimates of the company's (Net Operating Loss) into its analysis.

More Definitions of Net operating loss

Net operating loss means a loss incurred by a person in the operation of a trade or business. For a person who is not an individual, net operating loss must be calculated on an adjusted federal taxable income basis without regard to the deduction for net operating losses contained in ORC 718.01 E(8). "Net operating loss" does not include unutilized losses resulting from basis limitations, at-risk limitations, or passive activity loss limitations.

Net operating loss means for any year in the Performance Period a loss that results from adjusting a net loss as reported in the Company's consolidated financial statements to eliminate the effect of the following items, each determined based on generally accepted accounting principles: (1) losses resulting from discontinued operations; (2) the cumulative effect of changes in generally accepted accounting principles; and (3) any other unusual or infrequent loss which is separately identified and quantified.

Net operating loss means any net operating loss, as defined by Section 172(c) of the Internal Revenue Code, as that section may be amended or renumbered, for a taxable year as further increased by the income, if any, from obligations of the United States for that year less related expenses;

Net operating loss means the portion of the reasonable costs of operating an intercity bus service route that cannot rea- sonably be financed from revenues derived from the route.

Net operating loss mean, for each Fiscal Year, an amount equal to the Partnership’s items of taxable income or loss for the Fiscal Year, determined in accordance with Code Section 703(a)(1) and including items required to be separately stated, with the following adjustments:

Net operating loss means a net operating loss for income tax purposes occurring in the two taxable years preceding the year in which the sale of net operating loss carryover occurs.

Net operating loss means, for any fiscal year or portion thereof, the excess of the items of deduction and loss over the items of income and gain, excluding, in each case, items of gain or loss realized in connection with the sale or disposition of real property and other capital assets.