CMS Energy CMS Tax Credit Carryforward Valuation Allowance

Tax Credit Carryforward Valuation Allowance at other companies

GPA

General Purpose Acquisition Corp.GPAC

$9.08M+26.1%

Polaryx Therapeutics, Inc.PLYX

$6.39M+31.4%

Schering-PloughSGP

$24.95M+65.9%

CMS

CMS EnergyCMS

$2M+100%

CorvexMOVE

$30.74M+8.0%

Jaguar UraniumJAGU

$2.19M+21.7%

FAQ

What does tax credit carryforward valuation allowance mean?

This is a contra-asset account that reduces the carrying value of tax credit carryforwards when it is more likely than not that some or all of the credits will not be realized. It reflects management's assessment of the company's ability to generate sufficient future taxable income. A high allowance suggests uncertainty regarding the realization of tax benefits.