tax loss carry back
Definition
Provision in certain tax laws that allows an entity to offset current financial year's net operating losses against the income earned in the preceding year(s). See also tax loss carry forward.
tax loss carry back is in the Accounting & Auditing, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
tax loss carry back appears in the definition of the following term: tax loss carry forward
This content can be found on the following page:
http://www.businessdictionary.com/definition/tax-loss-carry-back.html
email to a friend print this definition cite this definition