carry forward


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia.
Related to carry forward: Carry Forward Losses

carry something forward

to take a figure from one column or category to another. Now, carry this figure forward into the tens column.
See also: carry, forward

carry forward

1. Also, carry over. Transfer a bookkeeping entry to the next column, page, another account, or the next accounting period, as in Let's carry forward this loss to the next quarter for a saving in taxes, or She made an error in carrying over this column. The first term dates from the first half of the 1800s; the variant dates from the mid-1700s.
2. Make progress in, advance, as in His successor hoped to carry forward his work. Also see carry on.
See also: carry, forward

carry forward

v.
1. In accounting, to transfer some entry to the next column, page, or book, or to another account: The company decided to carry their losses forward to offset future profits.
2. To succeed or make progress with something: I thought of the plan, and my assistant carried it forward.
See also: carry, forward
References in periodicals archive ?
S would carry forward the unused deductible expenses of $4,500 to 1996.
In addition, S would carry forward to 1996 the $1,500 of NDNC expenses not used to reduce basis in 1995.
Tom will continue to carry forward $21,000 of the capital loss.
The real excitement is not just in the expansion we are experiencing right now, but the expansion that is expected to carry forward into 2006 and beyond," said Mr.
Currently the Company has a treasury of $5 million, to carry forward its operations.
Austin, Texas, USA, said the Internal Revenue Service (IRS) has concluded its examination of the company's tax returns, its net operating losses, and minimum tax credit carry forwards through 1996.
The Company intends to explore ways to preserve these net operating loss carry forwards, which we view as valuable tax assets.
Examples of such uncertainties and contingencies include, among other important factors, those affecting the insurance industry in general, such as the economic and interest rate environment, legislative and regulatory developments and market pricing and competitive trends, and those relating specifically to the Company and its businesses, such as the level of its insurance premiums and fee income, and acquisitions of companies or blocks of business, its ability to sustain growth and to successfully transition to the Pink Sheets, whether there will be an active trading market in the Company's stock on the Pink Sheets, the Company's ability to preserve its net operating loss carry forwards and the accompanying tax benefits.
15 (closing price on May 30, 2006), the pre-tax proceeds of the sale would amount to $700 million and all capital gains on the sale would be fully covered by the deductible portion of the settlement payment and Vivendi's US tax loss carry forwards.
GY's ratings benefit from the company's sizable landholdings in the Sacramento, CA area; tax loss carry forwards that may allow the company to offset pretax profits in excess of $350 million at the federal level and $275 million at the state level; the global settlement with the government that provides for up to 88% reimbursement for most of GY's environmental remediation costs; the renegotiating of the Atlas contract, which will allow GY to cease production by the end of fiscal 2007 if it does not receive better terms; the completion of its transformation into a company focused on real estate and aerospace and defense (Aerojet); fully funded pension plans; a positive defense spending environment; and the resolution of a number of outstanding lawsuits.
Because of the land's low book value, Fitch expects any such transaction would utilize the loss carry forwards.