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 ?
Budget carryover at Navy maintenance depots has regularly exceeded allowable amounts over the past decade, raising the possibility that congressional appropriators will cut funding for the repair yards, the Government Accountability Office found.
Taxable income before charitable deduction and NOL carryover = $1 million
The goal of minimizing carryover drives the syringes' construction, as the needle and glass barrel are directly attached to each other.
For example, New York requires taxpayers with business and investment income in the year to which they carry an NOL to apportion the carryover between business and investment income.
Embryo and larval salamanders exposed to environmentally realistic atrazine concentrations have been reported to have an increased desiccation risk 8 months after exposure had ceased (Rohr and Palmer 2005), indicating that the carryover effects of atrazine on amphibian survival should be explored.
The key to this defensive scheme is to prepare systematically with as much carryover as possible from your normal reads, and then practice the scheme periodically throughout the entire training period, including the off-season.
The Court upheld the IRS position that investment interest is not available for carryover if the amount of investment interest is disallowed not only because it exceeds investment income but because it also exceeds taxable income.
Venables noted: "We are pleased that the sale and long-term leaseback of these branches allows us to unlock the value of a sizable capital loss carryover, one that otherwise would have expired as of year end 2006.
Since it is more advantageous for the couple to choose the standard deduction, they must also calculate their charitable contribution carryover.
EZ Warrior's short win price came in the race before the start of the pick six, in which a string of upsets produced a second consecutive carryover, depositing $623,110 in the pool for Santa Anita's next card Wednesday.
The congressional defense committees recognize that these activity groups need some carryover to ensure smooth work flow from one fiscal year to the next.
During this time a company may accumulate net operating losses; earnings and profits deficits; research and development credits; and possibly a host of other valuable carryover deductions and credits.