IRS PUBLICATION 536
A document that gives guidance to taxpayers with more deduction than income for the year. If the total deductions are bigger than income in a given tax year, the taxpayer may have a net operating loss (NOL). NOL is normally caused by deductions connected to business costs, casualty or theft, moving expenses, rental property expenses, or expenses linked to being an employee.
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Loss Carryback
An accounting technique where a company chooses to retroactively apply net operating losses to the previous year’s income in order to decreas ...
Retail Banking
Typical mass-market banking where individual customers use local branches of larger commercial banks. Services offered include savings and checking ...
Capital Stock
The preferred and common stock a firm is approved to disperse,based to their corporate charter. This symbolizes the extent or bulk of the equity po ...
Overfunded Pension Plan
It is a company retirement plan that has more assets than liabilities. Basically, there is a surplus amount of money needed to cover current and fu ...
Financial Risk
The possibility that shareholders will lose money when they invest in a company that has debt, if the company's cash flow proves inadequate to ...
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