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Term Of The Hour

net operating loss: Original post by Stephanie Ellen of Demand Media Form 1045 is part of IRS Schedule A. http://photos2.demandstudios.com/DM-Resize/photos.demandstudios.com/getty/article/178/43/92572388.jpg?w=700&h=700&keep_ratio=1 Thinkstock/Comstock/Getty Images Net operating loss (NOL) occurs when a company's allowed tax deductions are larger than its actual income. This results in negative taxable…

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