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IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
In re:
JONES ENERGY, INC., et al.,1
Debtors.)
))))))Chapter 11
Case No. 1932112 (DR)
(Joint Administration
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What is jones - nol?
Jones - NOL stands for Net Operating Loss and must be filed by corporations to report their operating losses for tax purposes.
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Corporations that have incurred operating losses during the tax year are required to file Jones - NOL.
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Jones - NOL can be filled out by providing detailed information on the corporation's operating losses, deductions, and other relevant financial data.
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The purpose of Jones - NOL is to allow corporations to offset current year income with previous year operating losses, reducing their tax liability.
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Information such as operating losses, deductions, tax credits, and other relevant financial data must be reported on Jones - NOL.
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