Alan Cole

Alan Cole has been quoted 4 times. The two most recent articles where Alan Cole has been quoted are Donald Trump Claims He'll 'Fix' Tax System, So What Would He Do? and More than 1.2 million taxpayers deduct their business losses. Most recently, Alan Cole was quoted as having said, “Nothing about the plan would change the basic idea that if you take a loss you can carry it forward and count it against future income.”.

Alan Cole quotes

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Would their industry be better off if the deduction was preserved? Sure. But they aren't coming away empty-handed from this tax bill, and other sectors need the break more than they do.

Nothing about the plan would change the basic idea that if you take a loss you can carry it forward and count it against future income.

Put it this way: Trump's alleged loss of $916 million would be 1.9 percent of the entire NOL value of the entire country.

I see some people on both sides in politics portraying [net operating losses] as some kind of obscure genius tax strategy. In reality, it's an ordinary feature of the tax code that every tax professional knows about.

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