A technique for applying a loss or credit from the current year to a future year. also called tax loss carryforward.
Related information about carryforward:
- Loss Carryforward Definition | Investopedia
An accounting technique that applies the current year's net operating losses to future years' profits in order to reduce tax liability. Generally accepted accounting ...
- Carryforward - Financial Dictionary - The Free Dictionary
In accounting, a way for a company to reduce its tax liability by applying losses to future tax years in which the company makes a profit. That is, carryforward ...
- What is carryforward? definition and meaning
Definition of carryforward: A technique for applying a loss or credit from the current year to a future year. also called tax loss carryforward.
- Tax Carryforward - Definition and Overview of a Tax Carryforward
Definition and overview of the concept of a tax carryforward, which allows a taxpayer to benefit in later years from a deduction or loss that cannot be used in the ...
- What is a Tax Loss Carryforward?
A tax loss carryforward is an accounting practice in which losses can be reported up to seven years later. A tax loss carryforward...
- Carryforward | Define Carryforward at Dictionary.com
(in U.S. income-tax law) a special provision allowing part of a net loss or of an unused credit in a given year to be apportioned over one or two subsequent years, ...
- 26 USC § 39 - Carryback and carryforward of unused credits | LII ...
If the sum of the business credit carryforwards to the taxable year plus the amount of the current year business credit for the taxable year exceeds the amount of ...
- Tax Loss Carryforward Definition, Example & Formula ...
We explain the definition of Tax Loss Carryforward, provide a clear example of the formula and explain why it's an important concept in business, finance ...