A Corporate Net Operating Loss Can Be Carried Forward Indefinitely

question 38

True/False

A corporate net operating loss can be carried forward indefinitely after being carried back two years.

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Definitions:

Ambiguous Loss

A type of loss that is unclear and lacks a clear resolution or closure.

Alzheimer Disease

A progressive neurological disorder that leads to memory loss, cognitive decline, and eventual loss of ability to carry out daily activities.

Drug Addiction

A chronic disease characterized by compulsive drug seeking and use, despite harmful consequences, leading to changes in the brain which can be long-lasting.

Grief Work

Working out of psychological issues connected with grief.