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Alabama Application of Net Operating Loss Carryback or Carryforward for Fiduciary Return (Form 41)
Extracted from PDF file 2023-alabama-form-nol-f85a.pdf, last modified July 2019Application of Net Operating Loss Carryback or Carryforward for Fiduciary Return (Form 41)
FORM NOL-F85A REV. 2020 Reset Form • ESBT NOL Name of Estate or Trust as shown on Form 41 *23001941* AlAbAmA DepArtment of revenue Application of net operating loss Carryback or Carryforward fiduciary return form 41 For year ending •______________________ Federal Employer Identification Number PURPOSE OF FORM NOL-F85A: Form NOL-F85A is designed to apply a net operating loss sustained by an estate or trust (Form 41) to the next taxable year to which the loss is being carried. Before Form NOL-F85A can be completed, you must first complete Form NOL-F85 to determine if you have an allowable net operating loss and the amount that may be carried back or carried forward. See instructions for further information. 1 (a) Enter the taxable year during which the net operating loss was incurred. Beginning •______________________________________, Ending •_______________________________. (b) Did you elect on Form NOL-F85 to forfeit the election to carry this loss back? • Yes • No PART I – Computation of Unused Net Operating Loss 2 Enter the net operating loss as shown on line 17, Part II of Form NOL-F85 or as shown on line 4, Form NOL-F85A. 2 • (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ENTER ALABAMA TAXABLE INCOME. Enter the amount shown on Alabama Form 41, page1, line 5 or 6. 3 • Schedule ESBT NOL, use Schedule ESBT, line 20.(NOL-F85A will not apply if line 3 is a negative value or 0) . . . . . . . . . . . . . . 4 UNUSED NET OPERATING LOSS. If line 2 exceeds line 3, subtract line 3 from line 2 and enter the difference here. If line 3 exceeds line 2, enter zero. If the amount on this line is more than zero, you may carry this amount forward to the next applicable year (Form NOL-F85A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 • PART II – Application To Carryback / Carryforward Year 5 Enter the amount from Alabama Form 41, page 1, line 5 or line 6. 5 • Schedule ESBT NOL, use Schedule ESBT, line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 NET OPERATING LOSS TO BE APPLIED. Subtract the amount on line 4 from the amount on line 2 and enter the difference here. If line 4 is zero, enter the amount shown on line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 • 7 ALABAMA TAXABLE INCOME AFTER APPLICATION OF NET OPERATING LOSS. Subtract line 6 from line 5 and enter the result here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 • PART III – Computation of Tax Complete lines 8 through 11 below to determine the correct tax due after application of the net operating loss. ESBT: Complete lines 10 and 11 only. 8 $• __________________ at 2 percent (on first $500 or fraction thereof, of amount taxable as shown on line 7). . . . . . . . . . . . . . . 8 • 9 • $__________________ at 4 percent (on next $2,500 or fraction thereof, of amount taxable as shown on line 7) . . . . . . . . . . . . . 9 • 10 11 • $__________________ at 5 percent (on all over $3,000 of amount taxable as shown on line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . 10 • TOTAL TAX DUE AFTER APPLICATION OF NET OPERATING LOSS. The amount from line 11 must be carried forward to Alabama Form 41, page 1, line 5a or line 6a. Schedule ESBT NOL use Schedule ESBT, line 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 • ADOR
Form NOL-F85A
More about the Alabama Form NOL-F85A Corporate Income Tax TY 2023
We last updated the Application of Net Operating Loss Carryback or Carryforward for Fiduciary Return (Form 41) in February 2024, so this is the latest version of Form NOL-F85A, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form NOL-F85A directly from TaxFormFinder. You can print other Alabama tax forms here.
Other Alabama Corporate Income Tax Forms:
TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form PTE-V (Obsolete) | Pass Through Entities Payment Voucher |
| Schedule D | Net Profit or Loss (Form 41) |
| Schedule K-1 (Form 20S) | Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S) |
| Schedule K1 (Form 65) | Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1) |
| Form 65 | Partnership / Limited Liability Company Return of Income |
View all 48 Alabama Income Tax Forms
Form Sources:
Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Form NOL-F85A from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Alabama Form NOL-F85A
We have a total of thirteen past-year versions of Form NOL-F85A in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2011 Form NOL-F85A
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