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Re: stervc post# 40122

Saturday, 02/23/2019 9:32:00 AM

Saturday, February 23, 2019 9:32:00 AM

Post# of 163977
An Accumulated Deficit is used as a Tax Shelter for tax write-offs.

100% incorrect. Accumulated Deficit is accumulated losses for accounting purposes since inception. NOLs are losses available for tax purposes. Accounting losses are not the same thing as tax losses. There should be a note in the last K or Q of the losses available for tax purposes to be carried forward...if they file.
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