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Pronunciation varies by accent · noun
(accounting, taxation) An income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively..
Current theft loss rules typically allow losses to be carried back three years and forward 20 years, but the I.R.S plan will allow carrybacks of as many as five years, generally if the loss is for a small business with gross annual receipts of less than $15 million.
Use carry back when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Carry back means (accounting, taxation) An income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively..
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
Current theft loss rules typically allow losses to be carried back three years and forward 20 years, but the I.R.S plan will allow carrybacks of as many as five years, generally if the loss is for a small business with gross annual receipts of less than $15 million.
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