When investors harvest an investment loss — by selling the tanking stock — they can apply that loss against gains in that same tax year as well as any gains in subsequent tax years, so they end up paying less tax overall. (moneysense.ca)
Although buyers are protected from taxes for years prior to their year of purchase, buyers may insure a tax increase for the current and subsequent tax years if the assessors discover omitted property. (oregonrealtors.org)
GE had net operating losses at the height of the financial crisis that federal law allows them — and every other corporate taxpayer — to carry over to subsequent tax years so as not to unfairly burden it with the calendar set by bureaucracy. (nystateofpolitics.com)