by Accent452023 | Nov 29, 2018 | Tax Deduction, Tax Planning, Tax Reform
Tax reform eliminated the deduction for casualty losses, but retained a deduction for losses within a disaster area. With the devastating wild fires in the west, and horrific hurricanes and flooding in the southeast and eastern seaboard we have had a number of...
by Accent452023 | Dec 15, 2016 | Business, Taxes
When your business makes money, you pay income tax on the profit. What happens when your business deductions are greater than the income in a particular year? In that case, the result is what’s called a net operating loss, or NOL, and you may be able to benefit...
