| Identifier | Return Reference | Explanation |
|---|---|---|
| FOREGOING NET OPERATING LOSS CARRYBACK | FORM 990-T, LINE 5 SECTION 172(B)(3) | PURSUANT TO THE INTERNAL REVENUE CODE, SECTION 172(B)(3), THE TAXPAYER, THE KARSH FAMILY FOUNDATION, IRREVOCABLY ELECTS TO RELINQUISH THE ENTIRE CARRYBACK PERIOD WITH RESPECT TO THE NET OPERATING LOSS INCURRED FOR THE TAXABLE YEAR ENDED 06/30/2017. |