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 ?
In some cases, these mistakes might not be noticed until after the statute of limitation for the tax year generating the NOL or credit carryover is closed.
"Work completed at the FRCs ensures that deployed and next-to-deploy units have the battle-ready items needed to train and fight in current and future military operations," the GAO said in a June report to Congress titled, "Budgeting for Carryover at Readiness Centers Could Be Improved."
Since extremely small sample amounts are being measured, minimal carryover of sample substances and low adsorption effects is a must.
From fiscal years2004 through 2007, the Army depots' total carryover significantly increased from $1.1 billion to $2.7 billion--about 7.6 months of work.
No carryover is allowed for the amount of the reduced long-term capital gain.
Communities awarded competitive (or 9 percent) credits must complete a process called "carryover." The carryover requires the owner of the community, if the community will not place in service in the year of the allocation (which few do), to evidence that a minimum of 10 percent of the total community costs have been expended or incurred.
For instance, contaminant-induced mortality can be later ameliorated by reduced competition among the survivors, a concept we refer to as "density-mediated compensation." Alternatively, it can be exacerbated by toxicant effects that persist or appear after exposure, a phenomenon we term "carryover effects." We developed a laboratory framework for testing the contribution of exposure, density-mediated, and carryover effects to net survival, by exposing embryos and larvae of the streamside salamander (Ambystoma barboum) to atrazine (0, 4, 40, 400 ppb; 3 ppb is the U.S.
Traubenberg added that, although the statute is clear that the section 199 manufacturing deduction cannot create or increase an operating loss, the effect of a loss carryover (or carryback) on the manufacturing deduction for a particular year is uncertain.
ABSTRACT: This paper examines the effects of a tax loss carryover on the market and book values of a firm's assets.
The method computes current and carryover effects, identifies in which type of competition the advertiser is operating, and, accordingly, determines which budgeting strategy best suits the situation.
The live water storage capacity, which was 16.26 million acre feet (MAF) in 1976, dropped to 13.68 MAF now, which was equal to a carryover capacity of merely 30 days, he said.
effectively exercised the carryover option when it included the excess tax credit for 2006 in the original ITR for 2007.