Look backward and forward for tax savers
March 12, 2013
You can reach into the past and future to cut your taxes. How? Through the use of tax carryforwards and carrybacks. Here is what you should know about these tax savers. Some tax deductions have a maximum amount that you can use in any one year. In these situations, the rules generally allow you to apply the unused tax deduction...
Tags: NOL Carrybacks and Carryforwards