Net Operating Losses Self-Study


Even the most profitable businesses experience loss and tax professionals need to know the provisions under §172, Net Operating Loss Deduction. This type of loss occurs when certain tax-deductible expenses exceed taxable revenues for a taxable year. Plus, the IRS analyzes a NOL under alternative minimum tax (AMT) rules. Without a basic understanding of net operating losses (NOL), tax professionals cannot provide their business clients with the best possible outcome. This course enhances a tax professional’s understanding of NOLS and alternative minimum tax NOLS (ATNOLs).


Upon completion of this course, you will be able to:

  • Determine if a business or individual has incurred an NOL.
  • Correctly calculate the amount of the NOL to maximize the amount to carry over or carry back.
  • Identify the elections of carrying back and carrying forward the NOL.
  • Identify the provisions of carrying back and carrying forward the NOL.
  • Distinguish between business and nonbusiness income and losses in order to correctly calculate the NOL.
  • Ensure the deadline for filing a carryback is met to provide the taxpayer the most flexibility in claiming an NOL deduction on Form 1045 or Form 1040X.

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.


Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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