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georgejjl

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georgejjl

Re: Steady_T post# 457329

Monday, 04/22/2024 3:02:48 AM

Monday, April 22, 2024 3:02:48 AM

Post# of 463404

Corporations that lose money in a given year (and have no taxable income) have the right to use that loss in future years at the risk of oversimplification. Because of their value in reducing future tax bills, these accumulated losses are recorded on the balance sheet as an asset – a deferred tax asset.



Good luck and GOD bless,
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