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Learn moreAlysse McLoughlin wrote this bylined article about the impact of the Plasmanet and TD Holdings cases on New York’s rules to claim net operating loss (NOL) deductions for all but S corporations. Because NOLs even out business gains and losses, Ms. McLoughlin wrote, “wasting of the NOL in every year that the taxpayer has an NOL available for use in New York … completely contradicts the policy behind preservation and use of NOLs to offset income generated in different years.”