Carrythrough vs Carryback - What's the difference?
carrythrough | carryback |
(accounting, taxation) A income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively.
* {{quote-news, year=2009, date=March 18, author=Lynnley Browning, title=I.R.S. Plans a Deduction for Madoff Victims, work=New York Times
, passage=Current theft loss rules typically allow losses to be carried back three years and forward 20 years, but the I.R.S plan will allow carrybacks of as many as five years, generally if the loss is for a small business with gross annual receipts of less than $15 million.}}
As a noun carryback is
(accounting|taxation) a income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively.carrythrough
Not English
Carrythrough has no English definition. It may be misspelled.carryback
English
Noun
(en noun)citation