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Respond to the following in a minimum of 175 words: In general terms, net operating loss is a loss that results when a companys expenses

Respond to the following in a minimum of 175 words:

In general terms, net operating loss is a loss that results when a companys expenses exceed its income. What are the tax implications of a net operating loss? For how long can an organization carry forward a net operating loss? Why do you think is so?

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