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What is the difference between a retroactive study and a current year study?

April 26, 2017retroactive study year

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What is the difference between a retroactive study and a current year study?

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A retroactive study allows us to recover tax dollars from previous years. A current year study allows us to recover tax dollars on a “live” tax return. The initial study is usually retroactive, but could be for the current year only depending on your particular situation.