While asset sales are recognized, the data are not automatically carried forward
to the applicable form 4794 or schedule D.
164(d), taxpayers can take this deduction up to their net investment income during the tax year; any additional investment interest expense is carried forward
In total, the transfer of value to the shareholders should be very competitive over a period of time, whereby the annual cash dividend shall amount to at least five per cent of the equity carried forward
There is an unused MTC of $516,705 to be carried forward
Traders also must consider the extent of any short-term capital losses being carried forward
as a result of the trading losses incurred in 2000 (and so far in 2001).
Our Company can now start discussions with its non secured creditors, in order to obtain their approval for a restructuring of their debt which amounts to approximately $750,000", said Warren Wheeler, President of Receptagen, who added: "an agreement with that category of creditors should allow the Company to finalize the documentation necessary for selling its tax loss carried forward
for cash in view of a possible restructuring of its activities.
For example, if a net operating loss (NOL) is carried forward
, the Service may reexamine the loss year to determine the correct amount of the loss available for carryover purposes, even if the SOL on assessment for the loss year has expired; see ABKCO Industries, 56 TC 1083 (1971), aff'd, 482 F2d 150 (3d Cir.
Receptagen is now negotiating the sale of its remaining technology related to the Coenzyme Q10 research platform," said Warren Wheeler, President of Receptagen, who added, "We should also be able to finalize the necessary documentation which will allow our Company to sell its third and largest asset, namely its tax loss carried forward
in order to repay our outstanding debts which total US$2,500,000 of which US$1,100,000 million is owed to Marbury Trading Corp.
The $1,000 portion of the ordinary loss not deducted in 1995 would be carried forward
to 1996 under Sec.
The two nonelective weeks are treated as used first, with the result that the unused week is elective (purchased) and cannot be carried forward
Including the profit brought forward from 1995, the profit available for allocation was US$ 28,033,610 of which US$ 20,514,500 was allocated to pay an unchanged net dividend to shareholders with US$ 7,363,610 to be carried forward
into fiscal year 1997.
Unused credits may be carried forward
for 15 years.
Including the profit brought forward from 1994, the profit available for allocation was US$27,745,812 of which US$20,514,500 was allocated to pay an unchanged net dividend to shareholders with US$6,952,812 to be carried forward
into fiscal year 1996.