Why do companies usually use tax losses as carrybacks before using them as carryforwards?

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Intermediate Accounting Volume 2

ISBN: 9780071091312

5th Edition

Authors: Thomas H. Beechy

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Question Posted: May 10, 2024 07:02 AM

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Why do companies usually use tax losses as carrybacks before using them as carryforwards?

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Companies prioritize using tax losses as carrybacks before carryforwards because of the immed...View the full answer

Intermediate Accounting Volume 2

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