If a corporation had positive income and thus paid taxes in 2013 and 2012, but it incurred a loss in 2014, it could carry that loss back to those 2 prior years, reduce the taxable income in those years, and receive a credit (in the form of a refund check) for any overpayments of past taxes. Moreover, if its 2014 loss was greater than the taxable income in those past 2 years, then it could carry the loss forward to reduce income in 2015 and beyondup to 20 years. True or false?