A Loss Incurred by a Corporation

A loss incurred by a corporation

A) must be carried back 2 years before being carried forward for 5 years.
B) can be carried forward indefintely.
C) can be carried back 5 years and forward 3 years.
D) cannot be used to reduce taxes in other years except with special permission from the IRS.
E) can be carried back 3 years or forward 10 years,whichever is more advantageous to the firm.