Corporate income tax opportunities for maximizing cash flow.: An article from: The Tax Adviser
Book Details
Author(s)Steven Woolf
PublisherAmerican Institute of CPA's
ISBN / ASINB00091KQLS
ISBN-13978B00091KQL4
MarketplaceGermany 🇩🇪
Description
This digital document is an article from The Tax Adviser, published by American Institute of CPA's on April 1, 1993. The length of the article is 856 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Refunds of overpaid estimated tax payments and using a loss year to offset taxes owed for the prior year are two ways to maximize cash flow through tax planning. The IRS will refund overpayments of estimated taxes before a return is filed, although the refunded sum is treated as if never paid for calculating tax liability. If a loss year is expected, proper documentation of the net operating loss (NOL) filed with the IRS can be used to reduce current liability for a previous year's debt by applying the carryback for the NOL. Refunds require form 4466, and 1139 is used to file for NOL carryback.
Citation Details
Title: Corporate income tax opportunities for maximizing cash flow.
Author: Steven Woolf
Publication:The Tax Adviser (Magazine/Journal)
Date: April 1, 1993
Publisher: American Institute of CPA's
Volume: 24 Issue: n4 Page: 224(3)
Distributed by Thomson Gale
From the supplier: Refunds of overpaid estimated tax payments and using a loss year to offset taxes owed for the prior year are two ways to maximize cash flow through tax planning. The IRS will refund overpayments of estimated taxes before a return is filed, although the refunded sum is treated as if never paid for calculating tax liability. If a loss year is expected, proper documentation of the net operating loss (NOL) filed with the IRS can be used to reduce current liability for a previous year's debt by applying the carryback for the NOL. Refunds require form 4466, and 1139 is used to file for NOL carryback.
Citation Details
Title: Corporate income tax opportunities for maximizing cash flow.
Author: Steven Woolf
Publication:The Tax Adviser (Magazine/Journal)
Date: April 1, 1993
Publisher: American Institute of CPA's
Volume: 24 Issue: n4 Page: 224(3)
Distributed by Thomson Gale
