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In general, what effect will the shortening (lengthening) of the carryback (carryforward) period have on firms that incur a tax loss?

In general, what effect will the shortening (lengthening) of the carryback (carryforward) period have on firms that incur a tax loss?

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What Is a Loss Carryback A loss carryback describes a situation in which a business experiences a net operating loss and chooses to apply that loss to a prior years tax return This results in an immed... blur-text-image

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