carryback

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carryback

n. in taxation accounting, using a current tax year's deductions, business losses or credits to refigure and amend a previously filed tax return to reduce the tax liability. (See: carryover)

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Furthermore, additional upward basis adjustments could be made in an amount equal to the aggregate of the following sum: capital loss carryovers under [section] 1212(b), (87) net operating losses under [section] 172, (88) and allowable losses under [section] 165 if the decedent's property had been sold at death for its fair market value.
Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund's capital loss carryovers from prior years.
Loss carryovers that aren't used this way can be deducted each year, up to $3,000.
In 2015, W expects to use the allowable portions of its 2010 NOL and research credit carryovers.
Taxpayers that significantly shift their operations to increase or decrease their activity in a state may need to consider the impact on their deferred tax asset values attributable to state NOL carryovers.
In response to a question, he said that as recently as two weeks ago a Big-4 tax partner advised that excess credit carryovers can offset the tax liability arising from the 15-percent income inclusion.
We've finally had a reduction in acres we need, and we're finally out of some of the burdens from carryovers.
Our study also relates to the literature on the effect of tax loss carryovers on the timing and magnitude of investment decisions.
The new rules direct that any credits or credit carryovers are to be used in the following order:
Last year's rules, in which a player who won a hole claimed that skin, would have left Montgomerie this year's first-day leader with $75,000, Norman and Woods next with $25,000 and three carryovers.
26 in the Placepot at Pontefract today, because evening meeting carryovers are not put up for grabs the following day.
the debtor's loss carryovers and/or tax basis of his assets) must be reduced by $1.