You can also opt not to carry back an NOL and only carry it forward.
FORBES: How You Can Lose Money on Paper And Still Win at Tax Time Like Romney
The winning time of 1:57.54 was the slowest since 1961, when Carry Back won in 1:57.60.
Qualified disaster losses, qualified GO Zone losses, and specified liability losses qualify for even longer carry back periods.
FORBES: How You Can Lose Money on Paper And Still Win at Tax Time Like Romney
When businesses carry back net operating losses (NOLs), they get a refund from the government of prior taxes paid.
You carry back your NOL using the federal form 1045 (downloads as pdf) or 1040X for the affected prior years.
FORBES: How You Can Lose Money on Paper And Still Win at Tax Time Like Romney
Except for firms getting TARP money, businesses could carry back losses for five years instead of only two years against past profits to get a refund.
If a taxpayer can't use the whole loss the year in which it becomes deductible, he can carry back the eligible loss to the previous three tax years and claim a refund.
Business would be allowed to "carry back" their losses in 2008 and 2009 and apply them against profits during the previous five years, instead of the last two years, as the law currently allows.
But both Stretch and Zerbe have an answer to that: Include tax breaks that would put cold cash now in many businesses' hands--for example, an extension of the now-two-year-period in which business can carry back their net operating losses.
The law says companies can carry losses back 3 years and forward 15.
Among the business tax incentives is a "carry-back" provision that allows companies to claim current losses in earlier, more profitable years.
The two groups split up again, making their way to the landing site where the helicopters will carry them back to Kandahar.
In those days, Mr. Heth would travel to Los Angeles to pick up prints of films and carry them back to Russia on his lap.
This rule is not always respected, but when it is, children and women often bathe in the water and even carry it back to their homes for use.
That merits an email like, "I'm stuck in the North Wing, " which sends Ms. Jones jogging over to pick up the 20-pound device and carry it back to her room, where the VGo can charge.
FORBES: Taxes From A To Z (2013): P Is For Passive Activity Rules
The New Jersey Gross Income Tax Act does not follow federal law regarding carry-forward and carry-back losses and the loss on the 2008 New Jersey individual income tax return can only be netted against gains or income reported in the category Net gains or income from disposition of property.
But, unlike that tablet, here the soft-touch exterior doesn't carry around the back of the device.
Spectators carry burning torches back down the hill to bring light to the city.
Optimism had returned to the currency markets, where the carry trade was back with a vengeance.
The company also claims that the gel does not carry drilling chemicals back to the surface, a problem with traditional fracking.
It would carry the market back to its level of last May.
FORBES: Rally Looks Pooped As Stocks React Flaccidly To Fantastic Data
Lord Addington, for the Liberal Democrats, said that childhood obesity was a subject "we have got to carry on coming back to".
But in reality the tycoons who had helped carry Mr Chubais back to power were already squabbling with him and with one another.
When other world interest rates fell, carry trade investors bought back yen in order to repay their Japanese debts - and those purchases sent the yen higher.
But she was told to go back and carry on by her managers at the examination board, for fear that the pupil's results might suffer if she did not.
And it is not clear whether, if it was convinced this was about to happen, America would feel compelled to hold Israel back and carry out the strikes itself.
应用推荐