The IRS web site has a new look designed to be more user friendly. Tabs and topics have been reshuffled for accessibility. There’s a new social media section to view IRS YouTube videos and easily link to IRS podcasts. News items are displayed on the landing page; the old format only had a link to the newsroom. The site also has a multinational gateway for those seeking information in Spanish, Korean, Russian, Chinese, and Vietnamese.
A tax technique of applying a loss or credit from a current year to a later year. For example, a business net operating loss may be carried forward 20 years instead of being carried back.