carry-back

Tax Breaks The stimulus created several tax breaks for business owners, such as a carry-back provision that allows companies to apply current losses to the taxes they had paid on profits as far back as five years ago, potentially giving them a refund.

Small Businesses Weigh Recovery Act Emily Maltby 2011

Fourth, the earnings of a corporation were frozen to a particular fiscal year, with none of the flexibility of the carry-forward, carry-back provisions of the present law.

Taxes For Revenue Are Obsolete 2010

Fourth, the earnings of a corporation were frozen to a particular fiscal year, with none of the flexibility of the carry-forward, carry-back provisions of the present law.

Warren Mosler: Taxes For Revenue Are Obsolete 2010

Small builders would also benefit from expanding the carry-back to five years.

Builders Split on Tax Break, Lobby Focus 2009

The big builders have been lobbying Congress for more than a year to allow companies to apply current losses against profits made five years ago, instead of the current two-year carry-back.

Builders Split on Tax Break, Lobby Focus 2009

"Democrats sweetened the pot, adding in billions in tax breaks for business -- a net operating loss carry-back provision that the GOP has long favored -- and an extension of the home buyer tax credit." click here

Lollygagging By Mitch McConnell Denies 200,000 Americans Unemployment Benefit Extension 2009

While business operating losses normally enjoy a three-year carry-back, the economic stimulus passed in February extended that to five years for small-business losses sustained in 2008.

Madoff Victims Get Immediate Tax Relief 2009

But at the last minute, Congress limited the five-year carry-back provision to firms with annual gross receipts of $15 million or less.

Corporate-Tax Break Revives in Budget Plan 2009

For a VC, it is probably better to be worrying about sheltering the profits of a successful venture than to be wondering whether or not to carry-back or carry-forward massive capital losses.

Scripting News for 6/16/2007 « Scripting News Annex 2007

The measure had been part of the $787 billion economic stimulus plan, but it was revised at the last minute to let only small companies, including very small home builders, use the five-year carry-back.

Builders Split on Tax Break, Lobby Focus 2009