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Business, 23.03.2020 20:41 QueenNerdy889

A loss incurred by a corporation:
a. Must be carried forward unless the company has had 2 loss years in a row.
b. It can be carried back 2 years, then carried forward up to 20 years following the loss.
c. It can be carried back 5 years and forward 3 years.
d. It cannot be used to reduce taxes in other years except with special permission from the IRS.
e. It can be carried back 3 years or forward 10 years, whichever is more advantageous to them.

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A loss incurred by a corporation:
a. Must be carried forward unless the company has had 2 loss...
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