Taxpayers Are Generally Allowed to Carry Back And/or Carry Forward

question 42

True/False

Taxpayers are generally allowed to carry back and/or carry forward unused business credits.

---

Definitions:

Retina

The light-sensitive layer of tissue at the back of the inner eye that converts light into electrical signals sent to the brain.

Absorbs Light

The process by which a material takes in light energy without reflecting it, often converting it into heat.

Visual Information

Refers to data obtained from observations in the form of images or visual perceptions.

Fovea

A small depression in the retina where visual acuity is highest, due to a high concentration of cones.