In the forty-second episode of BRD Meaning Matters, we delve into the strategic use of net operating loss (NOL) tax carryforwards. Drawing insights from "The New CFO Financial Leadership Manual" by Stephen M. Bragg, we discuss the key circumstances under which businesses can utilize NOL carryforwards to offset future taxable income. This episode provides valuable information for CFOs and financial managers on how to effectively incorporate NOL carryforwards into their tax strategies, ensuring compliance and maximizing tax benefits. Tune in to learn how to turn past losses into future tax savings.