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Where Do I Send Form 500 Nol

Where Do I Send Form 500 Nol

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[Music] is a channel today we're going to talk about how cash could help you as a business owner in our previous video we shared about the paycheck protection program and we have also share about how you can defer pay your taxes so if you want to watch our previous video of how to develop your taxes you can click here or you can also click here if you want more information about paycheck protection program but today we want to talk to you about how can you utilize net operating losses to offset your prior taxable income to get a refund so we are going to first define what's a net operating losses if you are a business owner you run a business and you have revenue and expenses in a year where expenses actually exceed revenue then you have net operating loss now how does that help with your tax position so if you recall 2017 and before if you have net operating losses on record and well then you can technically as you carry back the net operating losses to two years clear

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