Examlex
Suppose that you are listening to a lecture by a speaker who supports the critical period hypothesis for a particular motor skill in children. The speaker is likely to say that
Net Capital Loss
The result when the total capital losses from investments exceed the total capital gains.
Carried Forward
The process of taking unused tax credits or losses and applying them to offset tax liabilities in future periods.
Subchapter S Corporation
A form of corporation that meets specific Internal Revenue Code requirements, allowing it to be taxed as a pass-through entity, thereby avoiding double taxation on dividends.
Elects
The act of choosing or deciding on a particular option or course of action, often used in legal and financial contexts.
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