carryforward
1carryforward — car‧ry‧for‧ward [ˈkæriˌfɔːwəd ǁ ˌfɔːrwərd] noun [countable] ACCOUNTING TAX an amount of money earned or spent in a particular year which is carried forward from one accounting period to a later period, usually in order to reduce the amount of tax …
2carryforward — car·ry·for·ward /ˌkar ē fōr wərd/ n: carryover Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. carryforward …
3carryforward — noun Date: 1898 carryover …
4carryforward — /kar ee fawr weuhrd/, n. 1. carry over. 2. (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, chiefly in order to ease the tax burden …
5carryforward — noun An income tax loss or credit not usable in the current year that can be applied to offset income or taxes paid, respectively, in subsequent tax years …
6carryforward — /kar ee fawr weuhrd/, n. 1. carry over. 2. (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, chiefly in order to ease the tax burden …
7Tax Loss Carryforward — A tax loss carryforward takes place where a business or individual reports losses on a tax return up to seven years after the loss occurred. Frequently the logic behind this is to reduce tax liability during a year where the income or profits are …
8tax loss carryforward — tax loss carryback, carryforward A provision in the Internal Revenue Code which allows an individual or corporation to apply current year losses against prior or subsequent year income to reduce their tax liability …
9tax loss carryback, carryforward — A provision in the Internal Revenue Code which allows an individual or corporation to apply current year losses against prior or subsequent year income to reduce their tax liability …
10Loss Carryforward — 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 principles (GAAP) specify that loss carryforwards can be used in any one of the… …
