Login or register (free and only takes a few minutes) to participate in this question.You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy. | GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | English term or phrase: | tax-loss carrybacks and carryforwards | | Spanish translation: | transferencias de pérdidas a ejercicios anteriores y posteriores por razones tributarias | | Entered by: |  Gely |
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English to Spanish translations [PRO]
Economics / Contabilidad | | English term or phrase: tax-loss carrybacks and carryforwards | Buenos días:
Traducción al español para usarse en España del programa de una asignatura cursada en EEUU, llamada Accounting.
Uno de los puntos a tratar es:
Chapter 16: Valuation accounts, tax-loss carrybacks and carryforwards, permanent differences.
Gracias por vuestra ayuda! |
| kikiyaKudoZ activityQuestions: 286 (none open) ( 18 closed without grading) Answers: 9
Spain
| Local time: 11:32
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| | transferencias de pérdidas a ejercicios anteriores y posteriores por razones tributarias | Explanation:
casi se puede quitar de la respuesta lo de "por razones tributarias", porque se sobreentiende que la transferencia será para ese fin.
carryback: transferencia a ejercicio anterior
carryforward: transferencia a ejercicio posterior
tax-loss: pérdidas que la ley tributaria permite contabilizar en otros ejercicios
"Tax Loss Carry Back (Carry Forward)
Tax benefit allowing an individual or organization to reduce a tax liability by applying net operating losses incurred in the current fiscal year against income reported in earlier years. IRS tax rules permit carrying back losses (the excess of allowable deductions over gross income) over the three prior years, resulting in a tax refund. A tax loss carry forward, on the other hand, is an operating loss charged against income in future years.
In general, banks are subject to the same rules as other corporations in computing a tax loss carry back or carry forward, under the Tax Reform Act of 1986 except for losses attributable to bad debt. Starting in 1987, a bank can apply a net operating loss to taxable income in the previous three years, or forward 15 years. The Tax Reform Act repealed the old ten-and-five rule (ten years back and five years forward).
The Revenue Reconciliation Act of 1993 imposed additional restrictions on tax losses, namely the requirement that short-term losses be applied first to reduce any long-term gains. This effectively reduced the gain available for the more favorable long-term capital gain tax rate."
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Note added at 20 mins (2011-09-22 11:13:26 GMT)
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http://www.answers.com/topic/tax-loss-carry-back-carry-forwa... |
| Selected response from:
Gely
Spain
Local time: 11:32
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| Sep 24, 2011 - Changes made by Gely: | | Created KOG entry | KudoZ term => KOG term |
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The translation workplace 
