Discover how loss carrybacks allow businesses to apply net operating losses to previous tax years, offering immediate tax refunds and favorable financial outcomes.

The IRS issued guidance on how eligible small businesses may take advantage of the enhanced net operating loss (NOL) carryback provisions of the American Recovery and Reinvestment Act of 2009, PL ...

Startups often operate at a loss, but a Pennsylvania bill aims to help them turn those losses into funds they can use to grow. Introduced in April by state Rep. Paul Friel, Pennsylvania House Bill ...

Catholic healthcare giant CommonSpirit Health has reported a $1.4 billion operating loss (-4.1% operating margin) and a net loss of $259 million for its 2023 fiscal year, which ended June 30, ...

CommonSpirit Health marked the first quarter of its 2024 fiscal year with a $441 million operating loss (-5.1% operating margin) and a $738 million net loss due to inflation-boosted expenses and ...