Screen WV139 - West Virginia Application For Refund From Carryback of NOL (1120)

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General Information

Use this section when a corporation is applying for a refund of taxes due to the carryback of a net operating loss. The application can't recalculate the corporation’s prior year tax returns. Therefore, complete the following steps before completing this section.
1. Obtain copies of the corporation’s original returns for years to which information is carried back.
2. Recalculate the prior years’ tax returns that are affected by the carryback.
3. Using the corporation’s original returns and the recalculated returns, complete the information requested in this input screen section.
Enter the carryback period in this field or select a code from the dropdown list. This is a mandatory entry needed for the application to calculate Form WV/CIT-139 for a net operating loss.

First Preceding Year

Enter the net payments made. This is the sum of the total previous payments made for the taxable year less total previous refunds and carry forward credits (which cannot be changed).

Second Preceding Year

Enter the net payments made. This is the sum of the total previous payments made for the taxable year less total previous refunds and carry forward credits (which cannot be changed).
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