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budge

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budge

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Re: Traderfan post# 147536

Thursday, 08/30/2012 2:19:04 PM

Thursday, August 30, 2012 2:19:04 PM

Post# of 173805
here's my take...

NOL's are not prermanent. they can expire and have to be written off. at year end, auditor opinion comes into play and the year end adjustments may include recapturing previously expired NOL's based on changing conditions. the recaptured NOL then becomes income.

tax laws are always changing so if this scenario is anything close, i wouldn't be surprised.

"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
(Alexis De Tocqueville)

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