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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Finance
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Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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Here are a couple more An NOL has the potential to generate

Resolved Question:

Here are a couple more

An NOL has the potential to generate extra revenue for the taxpayer

for the NOL year
As a refundable credit
As an adjustment to gross income
For the carryback, carryover,or carryforward year

How many days does it take the IRS ti process form 1045

Submitted: 3 years ago.
Category: Finance
Expert:  Megan C replied 3 years ago.
On the first one, I would say for the carryback, carryover, or carryforward year because the NOL can allow you to get back taxes that you paid in.

It takes the IRS 90 days to process form 1045

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Customer: replied 3 years ago.