carry forward

(redirected from carryforward)
Also found in: Dictionary, Thesaurus, Financial.
References in periodicals archive ?
331, the Workers Incentives Improvement Act) to shorten the FTC carryback from two years to one and expand the carryforward from five years to seven.
Examples of negative evidence include a history of expired tax carryforwards, expected losses in early future years by a presently profitable entity, unsettled circumstances that could produce negative results, and a brief carryforward period if the enterprise expects reversal of a significant deductible temporary difference or the enterprise operates in a cyclical industry.
X will still have the 2009 NOL available as a carryforward to 2010.
3) Unlike the SRLY rules, which apply to both carryforwards and carrybacks of losses and credits, sections 382 and 383 address only carryforwards.
Section 867 of the Senate bill would limit the carryback to one year and extend the carryforward to seven years.
The Administration's proposal would limit the carryback to one year and extend the carryforward to seven years.
Assuming a 15-year carryforward period, even marginal expected future taxable income would justify recognition of the entire deferred tax asset.
The changes meant that the corporation should not be viewed as the same "taxpayer" within the meaning of the NOL carryforward provisions.
Only net operating loss and capital loss carryforwards from C corporation years are allowed as deductions from S corporations' net recognized built-in gains.
The Fund is able to do this because of capital loss carryforwards which offset net realized gains.
Thus, L reports $5 taxable income and has a $15 NOL carryforward.
What would be the effect of carrybacks and carryforwards (e.