Form DP-132-WE Net Operating Loss (Nol) Deduction for Combined Groups - New Hampshire

Notification Icon This version of the form is not currently in use and is provided for reference only. Download this version of Form DP-132-WE for the current year.

Form DP-132-WE Net Operating Loss (Nol) Deduction for Combined Groups - New Hampshire

What Is Form DP-132-WE?

This is a legal form that was released by the New Hampshire Department of Revenue Administration - a government authority operating within New Hampshire. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form DP-132-WE?A: Form DP-132-WE is used to claim a Net Operating Loss (NOL) deduction for combined groups in New Hampshire.

Q: What is a Net Operating Loss (NOL) deduction?A: A Net Operating Loss (NOL) deduction allows businesses to offset their taxable income by deducting the losses incurred in previous years.

Q: Who can use Form DP-132-WE?A: This form is used by combined groups in New Hampshire to claim the Net Operating Loss (NOL) deduction.

Q: What is a combined group?A: A combined group refers to a group of related corporations that elect to file a combined report for tax purposes.

Q: What is the purpose of the NOL deduction?A: The NOL deduction helps businesses reduce their taxable income and potentially lower their tax liability.

Q: Is the NOL deduction available for individuals?A: No, the NOL deduction is typically available only for businesses and corporations.

Q: Are there any limitations or restrictions on the NOL deduction?A: Yes, there may be limitations on the amount of NOL deduction that can be claimed in a given year, and carryforward or carryback rules may apply.

Q: Are there any deadlines for filing Form DP-132-WE?A: Yes, the deadlines for filing Form DP-132-WE may vary and are typically specified by the New Hampshire Department of Revenue Administration.

Q: Is professional assistance recommended for completing Form DP-132-WE?A: If you are unfamiliar with tax forms or have complex tax situations, it is recommended to seek professional assistance to ensure accurate completion of the form.

ADVERTISEMENT

Form Details:

  • Released on October 1, 2021;
  • The latest edition provided by the New Hampshire Department of Revenue Administration;
  • 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 DP-132-WE by clicking the link below or browse more documents and templates provided by the New Hampshire Department of Revenue Administration.

Download Form DP-132-WE Net Operating Loss (Nol) Deduction for Combined Groups - New Hampshire

4.5 of 5 (11 votes)
  • Form DP-132-WE Net Operating Loss (Nol) Deduction for Combined Groups - New Hampshire, Page 1
ADVERTISEMENT