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Definition of Carryforward
1. Noun. (accounting taxation) An income tax loss or credit not usable in the current year that can be applied to offset income or taxes paid, respectively, in subsequent tax years. ¹
¹ Source: wiktionary.com
Definition of Carryforward
1. [n -S]
Lexicographical Neighbors of Carryforward
Literary usage of Carryforward
Below you will find example usage of this term as found in modern and/or classical literature:
1. Corporate Tax Incentives for Foreign Direct Investment by W. Steven Clark (2001)
"Illustration of alternative loss-carryforward rules 40 280 73 40 240 59 40 160
36 Year I Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 ..."
2. General Explanation of Tax Legislation Enacted in 1998: Report of the Joint edited by William Roth, Bill Archer (2000)
"Generally, the nonrefundable portion of the child credit and the other non-
refundable personal credits which do not provide a carryforward are grouped ..."
3. Indian Self-Determination Act: Shortfalls in Indian Contract Support Costs by Chet Janik, Jeff Malcolm, Susan Iott (1999)
"Through that adjustment, referred to as the "carryforward" adjustment, any
overpayment in indirect costs can be recovered. While the Eastern Region of ..."
4. Capital (1888)
"The taxpayer is entitled to carry forward his unabsorbed depreciation but according
to decided case laws, the benefit of carryforward and set-off of ..."
5. International Tax Issues Relating to Globalization: Hearing Before the edited by William V. Roth, Jr. (1999)
"7002 reduced the carryback period for FTCs from 2 years to 1 year and, at the
same time, extended the FTC carryforward period from five to seven years. ..."
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