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This version of the form is not currently in use and is provided for reference only. Download this version of
Form FTB3805Q
for the current year.
Form FTB3805Q Net Operating Loss (Nol) Computation and Nol and Disaster Loss Limitations - Corporations - California
What Is Form FTB3805Q?
This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form FTB3805Q?A: Form FTB3805Q is a tax form used by corporations in the state of California to compute their net operating loss (NOL) and the limitations on NOL and disaster losses.
Q: What is a net operating loss (NOL)?A: A net operating loss (NOL) occurs when a business's allowable deductions exceed its taxable income.
Q: What is the purpose of Form FTB3805Q?A: The purpose of Form FTB3805Q is to help corporations calculate their NOL and determine any limitations on NOL and disaster losses for tax purposes.
Q: Who is required to file Form FTB3805Q?A: Corporations in California that have experienced a net operating loss (NOL) or have incurred disaster losses are required to file Form FTB3805Q.
Q: What are the limitations on NOL and disaster losses?A: The limitations on NOL and disaster losses help determine the amount of NOL and disaster losses that can be used to offset income in a given tax year.
Q: When is the deadline for filing Form FTB3805Q?A: The deadline for filing Form FTB3805Q is the same as the deadline for filing the annual tax return, which is generally April 15th of the following year.
Q: Are there any penalties for not filing Form FTB3805Q?A: Yes, failure to file Form FTB3805Q by the deadline may result in penalties and interest charges imposed by the California Franchise Tax Board (FTB).
Form Details:
- The latest edition provided by the California Franchise Tax Board;
- 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 FTB3805Q by clicking the link below or browse more documents and templates provided by the California Franchise Tax Board.
