What is TAX CARRYFORWARD?

Tax benefits occured when losses are applied to future tax liability. This can be done for between 5 and 15 years. AKA carry forward loss. Refer to tax carry back and tax umbrella.

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Related Legal Terms
TAX CARRYBACK, LOSS CARRYFORWARD, TAX LOSS CARRY BACK, PROSPECTIVE RATING PLAN, PROSPECTIVE RATING, TAX LOSS CARRY FORWARD, CAPITAL LOSS CARRYOVER, FORWARD PRICE, REVERSE CASHANDCARRY ARBITRAGE, ACTUARIAL ACCRUED LIABILITY


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