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Form NOL-F85A Application of Net Operating Loss Carryback or Carryfoward - Fiduciary Return Form 41 - Alabama
What Is Form NOL-F85A?
This is a legal form that was released by the Alabama Department of Revenue - a government authority operating within Alabama. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form NOL-F85A?A: Form NOL-F85A is an application for net operating loss carryback or carryforward for fiduciary return Form 41 in Alabama.
Q: What is a net operating loss carryback?A: A net operating loss carryback is when a business applies a loss from a past year to a prior year's income, potentially resulting in a refund of taxes.
Q: What is a net operating loss carryforward?A: A net operating loss carryforward is when a business applies a loss from a current year to future year's income, reducing taxes in those future years.
Q: What is fiduciary return Form 41?A: Fiduciary return Form 41 is a tax form used in Alabama for reporting the income, deductions, and credits of estates and trusts.
Q: Who needs to file Form NOL-F85A?A: Anyone who has a net operating loss on their fiduciary return Form 41 in Alabama and wishes to carry back or carry forward that loss needs to file Form NOL-F85A.
Form Details:
- Released on January 1, 2020;
- The latest edition provided by the Alabama Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form NOL-F85A by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.
