Section 172

5 1990 may not be carried back to any taxable year beginning before january 1 1984 by reason of the amendment made by subparagraph a amending this section.

Section 172. Read the code on findlaw. The portion of any loss which is attributable to a deferred statutory or tort liability loss as defined in section 172 k of the internal revenue code of 1986 as in effect on the day before the date of the enactment of this act nov. 172 a 1 in the case of a taxable year beginning before january 1 2021 the aggregate of the net operating loss carryovers to such year plus the net operating loss carrybacks to such year and.

Internal revenue code 26 usca section 172. Section 172 imposes a general duty on all company directors to act in the way they consider in good faith would be most likely to promote the company s success for the benefit of its shareholders.