What are the tax implications of a net operating loss

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Question

In general terms, net operating loss is a loss that results when a company's expenses exceed its income. What are the tax implications of a net operating loss? For how long can an organization carry forward a net operating loss? Why do you think is so?

The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.

Reference no: EM132326631

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