Net Operating Losses means for each taxable year of the Company an amount equal to the Company's net income or loss for such year as determined in accordance with the Federal income tax accounting methods and rules used by the Company on its Federal Partnership Information Return, but excluding Net Disposition Profits and Net Disposition Losses, and increased by any non-taxable income received by the Company and decreased by any non-deductible expenses incurred by the Company.
Net Operating Losses or "NOLs" shall mean the deduction allowed as a carryforward for losses incurred in a prior taxable period.
Net Operating Losses. With respect to any period, shall mean the excess of -------------------- aggregate expenses incurred during (or attributable to) such period by the Company and not by any Portfolio Company or Investment (other than expenses directly relating or attributable to the sale, purchase, exchange or distribution of Portfolio Securities) over the aggregate income earned during such period by the Company from all sources whatsoever (other than net gain from the sale, purchase, exchange or distribution of Portfolio Securities), such Net Operating Losses to be computed in accordance with applicable U.S. federal income tax accounting principles and (to the extent possible) with generally accepted accounting principles.
Examples of Net Operating Losses in a sentence
Schedule A/B, Part 11, Question 72 – Tax Refunds and Unused Net Operating Losses The Debtors have not finalized the calculation of the 2017 net operating loss.
Get Publication 120, Net Operating Losses for Individuals, Estates, and Trusts, for more details on computing the NOL and the allowable deduction.
Net Operating Losses – Net operating loss carrybacks and carryforwards allowed under IRC Section 172(a) are not deductible in determining net profits.
Far is any distance where a line amplifier is needed to overcome high- line losses.
Section 2303, Modifications for Net Operating Losses Section 2303 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)6 makes two changes to sections of the Internal Revenue Code that were impacted by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, related to (1) net operating loss (NOL) carryforwards and (2) NOL carrybacks.
More Definitions of Net Operating Losses
Net Operating Losses means the loss, if any, incurred by MUSA in the operation of the U.S. LMR Distribution Business between August 1, 1996 and the date of the closing of the Securicor Transaction, calculated by subtracting the following amounts from the aggregate net revenue of the U.S. LMR Distribution Business during such period:
Net Operating Losses means accumulated losses of the Company for Pre-Closing Periods that may be offset against future profits of the Company for purposes of assessing the Brazilian corporate income Tax but only to the extent such losses survive and are available following possible restructurings which may be effected by the Purchaser from and after the Closing.
Net Operating Losses means such Operating Costs that are in excess of Net Smelter Returns.
Net Operating Losses has the meaning set forth in Section 5.1.
Net Operating Losses shall, with respect to any Accounting Period, mean the excess, if any, of (A) all expenses paid (without duplication for accruals from prior periods) or accrued during such Accounting Period, including, but not limited to, the Management Fee and the amount of Asset-Based Special Interest Allocations incurred during such Accounting Period by the Partnership (other than expenses incurred in the sale or purchase of Securities) over (B) the aggregate income (including amounts paid to the Partnership in accordance with Section 3.08(b)) earned during such Accounting Period by the Partnership other than from the sale or purchase of Securities.
Net Operating Losses means, with respect to any period, net losses after customer acquisition costs and depreciation and amortization expense, but excluding interest expense with respect to this Note, gains and losses from assets sales and reserves related thereto (other than sales of inventory in the ordinary course of business) and extraordinary gains and losses, determined in accordance with generally accepted accounting principles, consistently applied.
Net Operating Losses with respect to any period, shall mean the excess of aggregate expenses incurred during (or attributable to) such period by the Company (other than expenses directly relating or attributable to the sale, purchase, exchange or distribution of Portfolio Securities) over the aggregate income earned during such period by the Company from all sources whatsoever (other than net gain from the sale, purchase, exchange or distribution of Portfolio Securities), such Net Operating Losses to be computed in accordance with applicable U.S. federal income tax accounting principles and (to the extent possible) with generally accepted accounting principles.