Generally, Corporate Net Operating Loss Can Be Carried Back 3

question 44

True/False

Generally, corporate net operating loss can be carried back 3 years and forward 5 years to offset taxable income for those years.

---

Definitions:

Behavior

One’s bearing, demeanor, and conduct. Behavior theory in leadership focuses on leadership style, such as autocratic, democratic, and laissez-faire, as well as leadership dimensions, such as initiating structure and showing consideration.

Capillaries

The smallest blood vessels in the body's circulatory system, facilitating the exchange of water, oxygen, carbon dioxide, and other nutrients and waste substances between blood and surrounding tissues.

Normal Exchange

The standard process of trading goods, services, or financial instruments in an established system or market.