Net Operating Loss, (NOL) Help We have an NOL for 2012 due to a small business we started. I know you have to complete a 1045, using a 1045 Schedule A form for calculations. Are these doable by someone with some basic knowledge or is it best left to a professional?
Reason I'm asking is it seems none of our local tax preparers have much experience with NOL's here where I live. Everyone I've talked to has said pretty much "oh, we've done 1 or 2", or "it's been a couple years, but yes we can do them". That's just not cutting it for me, lol. I have a lot at stake with the losses our company took.
Any advice would be greatly appreciated. |