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![30 Important Tax Tips You Must Know to Reduce Your Taxes! - #21 Net Operating Losses](https://i.ytimg.com/vi/EGXMDOMWDqY/maxresdefault.jpg)
30 Important Tax Tips You Must Know to Reduce Your Taxes! - #21 Net Operating Losses
Tip #21: Net Operating Losses. A Net Operating Loss (NOL) can benefit your tax position by carrying back these losses to offset your...
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![How to Utilize Net Operating Loss to Offset Prior Taxable Income](https://img.youtube.com/vi/CQySAC1TYuQ/mqdefault.jpg)
How to Utilize Net Operating Loss to Offset Prior Taxable Income
If you own a business and your expenses exceed your revenue, you may potentially have a net operating loss (NOL). The NOL is the result...