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Carry-Back |
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The name given to the method provided under federal tax law that allows a taxpayer to apply net operating losses incurred during one year to the recomputation of Income Tax owed to the government for three preceding taxable years. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The blades of the Razor-Back with Spray Bar are then able to make consistent contact with the belt surface to remove nearly 98% or more of the coarse carry-back. 172(b)) and AMT paid in prior years may be recoverable (unless an election to forgo the carry-back is filed). Those same companies often file amended returns or carry-back claims and, on occasion, receive adjustments from the IRS. |
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