A technique for receiving a refund of back taxes by applying a deduction or credit from a current year to a prior year. also called tax loss carryback.
Related information about carryback:
- Loss Carryback Definition | Investopedia
An accounting technique with which a company retroactively applies net operating losses to a preceding year's income in order to reduce tax liabilities present in ...
- What is carryback? definition and meaning
Definition of carryback: A technique for receiving a refund of back taxes by applying a deduction or credit from a current year to a prior year. also called tax loss ...
- Seller Carryback Financing | The Truth About Mortgage.com
Seller carryback financing is basically when a seller acts as the bank or mortgage lender and carries a second lien on the subject property.
- Carryback - Merriam-Webster Online
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 ...
- carryback - Legal Dictionary - The Free Dictionary
carryback n. in taxation accounting, using a current tax year's deductions, business losses or credits to refigure and amend a previously filed tax return to reduce ...
- carryback - definition of carryback by the Free Online Dictionary ...
(Economics, Accounting & Finance / Accounting & Book-keeping) (tr, adverb) to apply (a legally permitted credit, esp an operating loss) to the taxable income of ...
- What is a Carryback - Filing Business Taxes - About.com
A carryback is a provision that allows an individual or a business to use a net operating loss ... Also Known As: This provision is also called a tax loss carryback .
- Internal Revenue Manual - 20.2.9 Interest on Carryback of Net ...
If a carryback application ( Form 1045 or Form 1139) and a carryback claim ( Form 1120X or Form 1040X) are filed for the same loss year, determine the start ...