An Individual Taxpayer Has Generated a Net Operating Loss in 2015.He

question 24

True/False

An individual taxpayer has generated a net operating loss in 2015.He would like to receive a quick refund by filing a carryback claim on Form 1045.To obtain the quick refund,the taxpayer must file Form 1045 within 90 days after April 15,2016.

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Definitions:

Ethical Issues

Concerns or dilemmas that arise in a moral context, often involving a choice between competing values or principles.

Competing Companies

Businesses operating in the same industry or market that offer similar products or services to the same customer base.

Proximity

The state or quality of being near or close in space or time.

Centre-of-Gravity

A method used in logistics and supply chain management to determine the best location for facilities based on minimizing transportation costs, considering the locations of suppliers, customers, and other factors influencing the total cost.