Capital Gains and Losses
Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP
It is interesting. I have been a CPA for this long and professionally former IRS agent to have examined numerous small to mid- and large size businesses. I also do litigation support of business disputes. And your posting has been here for 52 minutes without any experts picking it up.
I have never heard of this term in purchasing and/or selling a business or in any tax reporting context. I just searched on line and did not find any context for this term you are posting here.
Would you please provide more details in the context of the deal you are trying to make? Give some specific numbers to illustrate this 30% and carry back and what dollar signs will be with and without such feature? -- Just from the surface, it sounds like there is something wrong here.
Fiona Chen, MPA, Ph.D., CPA, ABV, CFF, CITP