Carry-Back
CARRY-BACK
The name given to the method provided under federal tax law that allows a taxpayer to apply net operating losses incurred during one year to the recomputation ofincome taxowed to the government for three preceding taxable years.
More From encyclopedia.com
Backpack , back·pack / ˈbakˌpak/ • n. a bag, often supported by a metal frame, with shoulder straps that allow it to be carried on someone's back. ∎ a knapsack… Depreciation , "Depreciation" literally means the lowering of the value of something—and specifically of fixed or capital assets. In accounting terminology the word… Federal Budget (united States) , Budget, Federal
BUDGET, FEDERAL. The federal budget, and the budgetary process, is a social contract between a people and its government. Despite its… Excise Taxes , excise taxes
excise taxes, governmental levies on specific goods produced and consumed inside a country. They differ from tariffs, which usually appl… he lay on his back , back / bak/ • n. 1. the rear surface of the human body from the shoulders to the hips: he lay on his back ∎ the corresponding upper surface of an ani… Tax Returns , Tax returns include all the required paperwork that accompanies the remittance of taxes to the appropriate government agencies, the largest of these…
You Might Also Like
NEARBY TERMS
Carry-Back