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 of income tax owed to the government for three preceding taxable years.

Dictionary from West's Encyclopedia of American Law. 2005.


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 of income tax owed to the government for three preceding taxable years.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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  • carry back — ● carry back nom masculin invariable (anglais carry back, report en arrière) Technique comptable permettant aux sociétés dont les résultats sont déficitaires de reporter leurs pertes sur un certain nombre d années passées, dégageant ainsi un… …   Encyclopédie Universelle

  • carry back — index recover Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Carry Back — Thoroughbred racehorse infobox horsename = Carry Back caption = sire = Saggy grandsire = Swing and Sway dam = Joppy damsire = Star Blen sex = Stallion foaled = 1958 country = United States flagicon|USA colour = Brown breeder = Mrs. Katherine… …   Wikipedia

  • carry back — verb deduct a loss or an unused credit from taxable income for a prior period • Hypernyms: ↑subtract, ↑deduct, ↑take off • Verb Frames: Somebody s something * * * transitive verb : to deduct (a loss or an unused credit) from taxable income of a… …   Useful english dictionary

  • carry-back — A provision in the tax law which allows a taxpayer to apply a net operating loss in one year to the three immediately preceding tax years, beginning with the earliest year. A net operating loss must be carried back unless the taxpayer elects to… …   Black's law dictionary

  • carry-back — A provision in the tax law which allows a taxpayer to apply a net operating loss in one year to the three immediately preceding tax years, beginning with the earliest year. A net operating loss must be carried back unless the taxpayer elects to… …   Black's law dictionary

  • Carry Back Stakes — Horseraces infobox class = Grade II horse race = Carry Back Stakes caption = location = Calder Race Course Miami Gardens, Florida inaugurated = 1975 race type = Thoroughbred Flat racing website = [http://www.calderracecourse.com… …   Wikipedia

  • carry-back — ˈ ̷ ̷ ̷ ̷ˌ ̷ ̷ noun ( s) : a loss sustained or a portion of a credit not used in a given period that may be deducted from taxable income of a prior period showed operating losses in 1946 despite heavy tax carry backs allowed by the government… …   Useful english dictionary

  • carry back — v. (B) he carried the books back to her …   Combinatory dictionary

  • Carry Back — ⇡ Verlustrücktrag …   Lexikon der Economics

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