A loss carryforward lets a taxpayer use a loss incurred in one year to reduce tax obligations in a future year. Businesses and business owners can carry forward net operating losses when expenses ...

Losing a lot of money is one way to avoid paying taxes. The tax code rewards losses, which become gifts that keep on giving for years. NPR explores the history of this practice and how it evolved. The ...

In taxation, set-off and carry forward are the rules that allow taxpayers to balance losses against tax payable on taxable income. "Set-off" is balancing losses from one source of income against ...