carryover


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carryover

n. in taxation accounting, using a tax year's deductions, business losses or credits to apply to the following year's tax return to reduce the tax liability. (See: carryback)

References in periodicals archive ?
Since the time that Congress experimented with these two carryover tax basis regime initiatives, several fundamental changes have transpired that enhance the viability of a permanent carryover tax basis regime and underscore the need for reform.
First, the exact day the carryover provision becomes effective cannot be known until Congress adjourns its session.
The causes of carryover are generally classified as either mechanical or chemical.
Going into 2017, Carl has a $23,000 net capital loss carryover.
The statutes do not, however, address what statute of limitation applies to carryover items.
Work completed at the FRCs ensures that deployed and next-to-deploy units have the battle-ready items needed to train and fight in current and future military operations," the GAO said in a June report to Congress titled, "Budgeting for Carryover at Readiness Centers Could Be Improved.
Since extremely small sample amounts are being measured, minimal carryover of sample substances and low adsorption effects is a must.
New York law takes the "subject to tax" restriction one step further and provides that a taxpayer must be subject to the same article of the New York tax law in both the loss year and the carryover year to claim an NOL deduction (N.
While past congressional defense committees recognize the need for carryover, the committees have raised concerns that carryover may be more than needed.
A parade of long shots Friday, including the 6-1 shot Starry Pursuit in the featured Flawlessly Stakes, led to a three-day carryover of $1,197,009 heading into today's 11-race card that begins at noon and includes the Grade I American Oaks and Grade II CashCall Mile, a pair of $750,000 turf races.
Absent carryover powertrains, there are "virtually no" carryover parts from the previous generation Tundra or the current Tacoma.
We developed a laboratory framework for testing the contribution of exposure, density-mediated, and carryover effects to net survival, by exposing embryos and larvae of the streamside salamander (Ambystoma barboum) to atrazine (0, 4, 40, 400 ppb; 3 ppb is the U.