Deferred tax liabilities can arise from Group of answer choices

temporary differences.. permanent differences and NOL carryforwards.. temporary differences and permanent differences.. NOL carryforwards.. NOL carryforwards and temporary differences.. permanent differences..

Which statement about NOL carrybacks and NOL carryforwards is not true?

Group of answer choices

Carryforwards result in cash refunds in taxable loss years.

Carrybacks are not currently permitted under the U.S. tax code.

Carrybacks and carryforwards can both result in a company reporting a negative income tax expense.

Carrybacks result in cash refunds in taxable loss years.