Corporations May Carry Net Operating Loss Sustained in 2015 Back

question 4

True/False

Corporations may carry net operating loss sustained in 2015 back two years and forward 20 years.

---

Definitions:

Forest Work

Labor or activities related to the management, conservation, and exploitation of forests, including logging, reforestation, and wildlife preservation.

American Economy

The economic system of the United States, characterized by a mixed economy with private freedom, including the private sector being the majority of the economy.

Annual Rate

A term often used in finance to describe the interest rate over the period of one year.

Economic Growth

is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time, typically measured by GDP.