Tax shelter formed for a business by forwarding losses from one taxable year to another. The losses that previously sheltered the company's profits are used again for that purpose.
Related information about tax umbrella:
- Tax Umbrella Definition | Investopedia
The use by a company of the losses it sustained in previous years to offset taxes on the profits it achieves in future years. Individuals can also use a tax umbrella ...
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Definition of tax umbrella: Tax shelter formed for a business by forwarding losses from one taxable year to another. The losses that previously sheltered the ...
- Tax Umbrella - Financial Dictionary - The Free Dictionary
Tax loss carryforwards from previous business losses that form a tax shelter for profits earned in current and future years.
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The most friendly accountants in town, We are your tax umbrella. ... About Umbrella Tax Service. The most friendly accountants in town, We are your tax umbrella ...
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