Carry-Over


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Carry-Over

The designation of the process by which net operating loss for one year may be applied, as provided by federal tax law, to each of several taxable years following the taxable year of such loss.

See: balance, remainder
References in periodicals archive ?
We encourage the government to issue similar remedial relief where the SRLY rules overlap with section 384 thereby limiting the use of credit carry-overs.
The agency had 21,071 cases assigned in FY97, some carry-overs from the previous years and others that are still in progress, as well as those cases that were rejected.
Men had to be retrained to overcome their "biological" proclivities, and the nature of the relationship between the sexes had to be redefined through new rules of speech and expression, since the old rules and forms were carry-overs from a male-dominated society.
Like Jelly Roll Morton in jazz and Elvis Presley in rock and roll, Patton stands near enough to the form's beginnings to be seen as a kind of avatar--a point Robert Palmer in his excellent book Deep Blues (Viking) has developed into a thesis about the music's historical development from African cultural carry-overs to proto-rock.
4 billion in 2012 before additional gap-closing measures and prior-year carry-overs.
Automatic carry-overs might be a stretch for Council to agree - transfers between years subject to qualified majority voting appear more likely.
Among the stories The Banner covered this year were three that were carry-overs from years past.
There are no other opens countrywide, but both Sheffield and Swindon can expect plenty of interest in their big Pick 6 Jackpot carry-overs.
With less than seven months to an election, the Government set out a streamlined programme of 15 Bills - three of them carry-overs from the previous session and two in draft form.