carry back

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The Newton case presented the worst-case scenario, in which the taxpayer failed to carry back an NOL; by the time the error was discovered, the taxpayer had lost any ability to utilize it.
8) Thus, when deciding whether to carry back the NOLs, a company should consider the detriment of permanently losing the Sec.
This is known as carry forward and be combined with carry back to enable a client to effectively open up the previous seven tax years.
Taxpayers may use these forms to correct previously filed returns or to carry back losses to an earlier year.
More specifically, the IRC allows taxpayers to carry back NOLs and deduct them in the two preceding tax years and to carry forward the remaining balance and deduct it from taxable income in the 20 succeeding tax years.
Finally, Merlo advanced several "policy and legal considerations," arguing that, under equity principles, he should be allowed to carry back his AMT capital loss to reduce his AMTI, because applying the Secs.
They filed a joint Form 1045, "Application for Tentative Refund," to carry back the remaining unused $800,000 net operating loss (NOL) from 1983 to 1981 and 1982.
According to Mark Zevanove of Zevanove Properties, the real estate broker who represented both the buyer and seller, "I was very pleased with the low monthly adjustable loan at today's favorable rates, as well as the lender allowing a seller carry back second trust deed, which provided maximum leverage to the borrower.
Closely related to the OID provision is a rule that will restrict a highly leveraged corporation's ability to carry back NOLs--and thus obtain tax refunds--attributable to the interest expense generated by its borrowings.
Its small size makes the XD50U easy to carry back and forth to the office so you can really be creative on what display applications you want to use it for.
1212(b) allows noncorporate taxpayers to carry forward unrecognized capital losses to subsequent tax years, but it does not allow them to carry back unrecognized capital losses to prior tax years.
AT&T Wireless said it expects a tax net operating loss for the tax year-ended December 31, 2002 and plans to seek AT&T's consent regarding a federal tax refund carry back claim for a portion of that loss as well.