A loss incurred by a corporation:
a. Must be carried forward unless the company has had 2 loss years in a row.
b. It can be carried back 2 years, then carried forward up to 20 years following the loss.
c.It can be carried back 5 years and forward 3 years.
d.It cannot be used to reduce taxes in other years except with special permission from the IRS.
e.It can be carried back 3 years or forward 10 years, whichever is more advantageous to them.