Alternative Tax Net Operating Loss (ATNOL): Meaning, How it Works

Alternative tax net operating loss (ATNOL) is the excess of deductions allowed over the income recognized for alternative minimum tax (AMT) purposes.
Accounting Today

IRS delays in processing NOL refund claims costing taxpayers millions in interest

The Internal Revenue Service's continuing backlog is having an impact in many areas, including the processing of noncorporate applications for refund claims on net operating losses by pass-through ...
JD Supra

Tax Court in Brief | Amos v. Comm’r | Net Operating Loss Deductions Denied; Penalties Proper

Summary: Petitioner, Betty Amos, “an accomplished” CPA challenged a notice of deficiency relating to disallowed net operating loss (“NOL”) deductions claimed on her 2014 and 2015 tax returns and ...
JournalofAccountancy

Get Maximum Use From NOLs

Please note: This item is from our archives and was published in 2001. It is provided for historical reference. The content may be out of date and links may no longer function. TOUGH ECONOMIC TIMES ...