IncentivesSmall Business IncentivesState

Net Operating Loss Carryover

By August 13, 2012 No Comments

California tax law allows businesses that experience a loss for the year to carry this loss forward to the next year (dubbed “Net Operating Loss Carryover”) in order to offset income in the years that follow. New businesses can carry-over 100% of their losses for 20 years if the loss is in their first year of operation.
For more information, go here.