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1110612shl Doc 387 Filed 02/17/12 Entered 02/17/12 16:18:41 Pg 1 of 26 Main Document UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: TERRESTRIAL CORPORATION, et al.,1 Debtors.
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TSC - NOL Interim stands for Tax Settlement and Clearance - Non-Operating Loss Interim.
Any taxpayer with non-operating losses is required to file tsc - nol interim.
To fill out TSC - NOL Interim, you need to provide information about your non-operating losses and follow the instructions provided by the tax authority.
The purpose of TSC - NOL Interim is to allow taxpayers to offset their non-operating losses against taxable income, reducing their tax liability.
The information to be reported on TSC - NOL Interim includes details of non-operating losses, such as the amount, source, and utilization.
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