11-15-2004, 02:57 AM
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 Re: nol carryforward deduction David O'Neal wrote: - quote - > is the nol carryforward deduction a use it or lose it type thing? for
No. It can compute the leftover NOL and use that.> example, if a corporation forgot to take it one year and it is too > late to amend that year, can the corporation use what it should have > used in that prior year in a subsequent year in the twenty year > carryforward period? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
11-14-2004, 05:19 PM
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| nol carryforward deduction is the nol carryforward deduction a use it or lose it type thing? for example, if a corporation forgot to take it one year and it is too late to amend that year, can the corporation use what it should have used in that prior year in a subsequent year in the twenty year carryforward period? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| carryforward, deduction, nol |
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