The FTB has noticed taxpayers filing returns (original or amended) claiming carryover credits they never earned to reduce current tax liabilities.
What does C/O stand for?
C/O stands for Carryover (funds)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of C/O
We have 60 other meanings of C/O in our Acronym Attic
- Coulombs Per Newton
- Control/Nutritional Counseling
- Carrier-to-Noise power ratio
- Carton Number
- Comm/Nav Outage Forecast System
- Carrier to Noise Ratio
- Call Out
- Care of
Samples in periodicals archive:
While past congressional defense committees recognize the need for carryover, the committees have raised concerns that carryover may be more than needed.
Rice carryover stocks will increase sharply this season as a result of the large crop.
The IRS denied the deductions on the grounds that section 1371(b)(1) prevented any carryover to an S year from a C year.
One of the keys in stopping this offense lies in having as much carryover as possible from your basic reads and schemes.