A Corporate Net Operating Loss Arising in 2019 for a Calendar

question 38

True/False

A corporate net operating loss arising in 2019 for a calendar year C corporation can be carried back 2 years and forward 20 years to offset taxable income for those years.

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Definitions:

Social Dominance Theory

A social psychological theory suggesting that societies maintain hierarchical group relationships, with dominant groups exploiting or oppressing subordinate ones.

Great Violence

Intense or extreme physical force used to harm others or cause destruction, often associated with aggression or conflict.

Outgroup Homogeneity Bias

Outgroup Homogeneity Bias is the tendency to view individuals from outside one’s own group as more similar to each other than those within the group, leading to stereotypical thinking.

Group Attribution Error

The tendency to make broad stereotypical judgments about a group based on the actions of a few individuals within that group.