Posted on 08/16/2010 3:30:59 AM PDT by Puzzleman
Thanks for the tips.
Alas, there is too much noise from other headlines.
When time permits, I’ll see if I can find the info in some other way.
I’m not an accountant, but mine told me, in words I can understand, that a loss carryback allows me to retroactively apply net operating losses to reduce my company’s taxes in a previous year.
I’m sure there are lots of rules, but that is his worry not mine.
Try searching Questia as well. You can narrow the search to newspapers only, then search within results to drill down to “unexpected” references tied to “economy”, “recovery” or whatever.
My accountant just offered to do this for me. I am a Realtor and have lost money in my business for the last two years, so I can average my income out from past years, not sure exactly how may years they can go back maybe three-five and move some of the high tax paying years forward and claim a refund. Received a $4700 refund check. Not a welfare check but a refund from the very high taxes I paid in '05 and '06.
But, but,Mr. Duke....what about your brother?
“Looking good, Billy Ray.”
Like a large protective dike in Holland???
[Somehow I feel I may be going to hell for this comment...;-)]
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