Corporation WJ began business in 2014 and reported taxable income in both 2014 and 2015. In 2016, WJ incurred a $25,000 net operating loss. It wants to carry the NOL back as a deduction against 2015 taxable income because its 2015 marginal tax rate was higher than its 2014 marginal tax rate.

Identify the tax issue or issues suggested by the above situations, and state each issue in the form of a question.