End of year tax strategy NOL carrybacks may be the most overlooked cash flow tool in your playbook—and that’s a shame, because they can save your business thousands right now.
If you’ve landed a big government contract but your bank account is bleeding from upfront costs, We’ve got one question for you: Why haven’t you looked at your losses like an asset?
Let us explain.
What’s a Net Operating Loss (NOL), and Why Should You Care Right Now?
Here’s the deal. A Net Operating Loss, or NOL, happens when your business expenses outpace your income for the year. Most people see that and panic—“We took a loss, that’s bad.” But we see opportunity.
Because if you’ve got a loss this year and profits in previous years, you may be eligible to do a carryback—meaning, you apply this year’s loss to the taxes you already paid back then. That means REFUNDS. That means CASH. And that’s what makes end of year tax strategy NOL carrybacks so powerful.
It’s not a loophole. It’s a built-in IRS move. And Icarus Fund specializes in making it work for business owners like you—especially if you’re scaling hard off the back of a government contract.
Why This Strategy Is Built for Government Contractors
You Front the Costs, the Government Pays Later
You know the game. You win a $2M contract, but before you ever see a dime, you’re already hiring staff, buying inventory, and maybe upgrading tech to meet contract specs.
The cash goes out before it ever comes in.
That’s exactly what happened to a client of ours last year—let’s call him Dan. Dan’s security services firm landed a Department of Energy contract. He had to hire 12 people, buy new fleet vehicles, and invest in training. That year? He posted a $400K loss. Brutal on the books.
But here’s what we did at Icarus Fund: we carried that loss back to 2020 and 2021 when Dan’s business had been profitable. Within weeks, he got a $160,000 refund check. That’s emergency funding without taking on a dime of debt.
And that’s the beauty of using an end of year tax strategy NOL carryback: It’s cash, from taxes you already paid, when you need it most.
Here’s How It Works (Without the IRS Headache)
Let’s keep this simple.
You took a loss this year.
You made a profit in the past 2–5 years.
You file an NOL carryback.
The IRS refunds the taxes you paid in those profitable years.
Done right, this whole thing can move fast. And that’s where Icarus Fund steps in. We don’t just dabble in tax credits—we specialize in this exact process. We help businesses like yours file IRS Form 1045 for expedited refunds, often within 45 to 90 days.
Time that refund just right—say, before Q1 contract execution—and boom: you’ve got working capital without touching your line of credit or giving up equity.
Why You Need to Move Before December 31
Timing is everything. Want to use end of year tax strategy NOL carrybacks to save real money? Then you’ve got to act before the clock strikes midnight on December 31st.
Here’s why:
Filing now allows your refund to process before Q1 needs spike.
You stay ahead of tax season (no scrambling).
It positions you to start the year strong with fresh capital—not overdue invoices and cash flow anxiety.
This isn’t the time to wait and “talk to your tax guy in March.” You’ll miss the window, plain and simple.
Does Your Business Qualify? Let’s Find Out.
You don’t need a PhD in tax law to make this work. You just need to check a few boxes:
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✅ Did your business show a loss this year?
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✅ Were you profitable in at least one of the last five years?
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✅ Do you need cash in the next 30-90 days to fulfill contracts or grow?
If that’s you, then you’re leaving serious money on the table by not using this strategy.
And with Icarus Fund in your corner, you don’t even have to lift a finger. We handle everything—from evaluating your financials to preparing IRS-compliant filings that get results.
This Isn’t Just a Tax Move—It’s a Growth Lever
Look, most business owners think about taxes as something that happens to them. They file. They pay. They pray they don’t owe too much.
But that’s reactive thinking. Winners play offense.
Using an end of year tax strategy NOL carryback flips the script. It turns losses into liquid cash. It transforms a bad year into fuel for the next win. It gives you breathing room to chase opportunity, not just survive.
And we’ve seen it firsthand. One of our clients in aerospace? A $900K loss turned into a $280K refund. That funded a second contract they were about to turn down due to lack of capital.
You think they regret calling us before year-end?
So What’s Next? Simple.
You’ve got two options.
Option 1: Do nothing. Let the IRS keep your overpaid taxes. Stay stressed about cash flow. Hope your clients pay faster next year.
Option 2: Let Icarus Fund help you use an end of year tax strategy NOL carryback to reclaim cash you already earned.
Our team is fast, precise, and locked in on one thing: getting you your money as quickly and efficiently as possible.
Book Your Refund Strategy Session Now
Don’t wait until tax season to find out you missed a refund worth thousands.
👉 Schedule your free NOL refund consult with Icarus Fund now
👉 We’ll assess your eligibility and estimate your refund within 24 hours
👉 No commitment. No BS. Just real cash-back strategy
Time is running out. The year’s ending. Let’s turn your loss into launch money for 2025.
