carrybacks

carrybacks
n. (taxation accounting) sum of money that is transferred to the accounts for the preceding year

English contemporary dictionary. 2014.

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Look at other dictionaries:

  • net operating loss carrybacks — The application of losses to offset earnings in previous years. Bloomberg Financial Dictionary …   Financial and business terms

  • Dividends received deduction — The dividends received deduction[1] (or DRD ), under U.S. federal income tax law, is a tax deduction received by a corporation on the dividends paid to it by other corporations in which it has an ownership stake. Contents 1 History 2 Impact …   Wikipedia

  • Loss Carryback — An accounting technique with which a company retroactively applies net operating losses to a preceding year s income in order to reduce tax liabilities present in that previous year. Loss carrybacks are similar to loss carryforwards, except… …   Investment dictionary

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