Taxation - Federal Income Tax - The portion of the net operating loss deduction not absorbed in the "alternative" tax compensation may be carried forward to another year, notwithstanding that it was considered in making the tentative tax computation under "regular" method. Chartier Real Estate Co. v. Commissioner (1st Cir. 1970).
Shue, Virginia V.
Abstract
This recent case discusses Chartier Real Estate Co. v. Commissioner (1st Cir. 1970).