Question 6 5.5 pts A loss incurred by a corporation Can be carried back 3 years or forward 10 years, whichever is more advantageous to the firm. O Cannot be used to reduce taxes in other years except with special permission from the IRS C Must be carried forward unless the company has had 2 loss years in a row. Can be carried back 2 years, then carried forward up to 20 years following the loss. Can be carried back 5 years and forward 3 years