Carry-Over

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Related to carry forward: Carry Forward Losses

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.

References in periodicals archive ?
The traders perceive that this restriction curtails their freedom to carry forward the excess tax paid.
The two agreed to carry forward the dialogue process "in keeping with the vision of the prime ministers of India and Pakistan to to improve and establish good neighbourly relations," the statement said.
From the tax year 2014/2015, the use of the carry forward facility will continue to allow a maximum amount of tax-relieved pension saving above PS40,000.
He said the country had 4 million tons of carry forward stocks and demanded of the government to allow 1.5 million tons wheat export to Iran from fresh stock under the barter trade system and in return get petroleum products.
Under the Government's plans, where absence is due to sick leave, the carry forward will be limited to four weeks holiday entitlement required by the Working Time Directive - excluding the additional 1.6 weeks provided for by the WTR and additional contractual leave.
Competition Commissioner Joaquin Almunia said: "It is of course for the member states to decide whether companies can carry forward losses in order to reduce their tax burden in future years by setting off those losses from the taxable income.
Workers on the sick for more than a year can now carry forward all unused annual leave into the next holiday year period.
When Fidel retires, there will be dedicated representatives ready to carry forward the revolutionary gains of the past forty-seven years.
The tax adviser explains to Ellen and Jean that if X does not elect S status, its losses would produce no current tax savings but, instead, would carry forward for use against future income recognized by X in regular C status years.
group relief, and would produce a new form of inequality, as the losses of the foreign subsidiaries would still remain available for local carry forward. This contrasts with the position whereby a U.K.
"You get to know that person and build a relationship with that person, which can carry forward into the business world as well."
But Brown found it challenging to carry forward that heritage.