Triva isn't available right now.
Check out the support page for our phone number and hours
Solutions
-
Corporations
-
Governments
Success stories
-
A true competitive advantage
Law firm Zarin Baum’s embrace of generative AI as the natural next step in the evolution of legal work and their adoption of CoCounsel Legal has helped them achieve remarkable efficiency gains and improved client relationships.
-
Workflow transformation drives impact
Brinks, a global leader in secure logistics and security solutions, used CoCounsel to reimagine what was possible with AI tools, turning legal challenges into a competitive advantage.
-
The forefront of audit tech
A better auditing workflow solution was the answer to multiple challenges faced by The Mercadien Group. Find out how they achieved greater efficiency by embracing Cloud Audit Suite.
Questions? We are here to help.
Products
-
Tax, audit & accounting
Recommended products
-
CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
-
CoCounsel Tax
Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
-
CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
Questions? We are here to help.
Purchase
-
Buy books
-
Contact sales
Resources
-
Product training
-
Product communities
-
Developers
Highlights
-
2026 SKILLS showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
-
Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
-
Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen ARNOL - Arkansas Net Operating Loss and Charitable Contributions (1120)
Show all hidden content
Net Operating Loss Carryover (NOL)
Prior Year (Income Offset) NOL Utilized
The application adds the amount in this field to the income or loss reflected in the
Income (Loss)
fields to determine the amount available for carryover. Use the statement to enter the following:- The year in which the taxable income was generated.
- The amount of net operating loss utilized to offset the income. Enter as a positive number.
For example, a $10,000 NOL generates in the 5th preceding taxable year. Of the NOL, $2,000 is utilized in the fourth preceding taxable year, $3,000 is utilized in the third preceding taxable year, and $4,000 is utilized in the second preceding taxable year. The input screen fields should appear as shown in the following table.
Preceding Tax Year | Income (Loss) | Prior Year (Income Offset) NOL Utilized |
|---|---|---|
5th | (10,000) | 9,000 |
4th | 2,000 | (2,000) |
3rd | 3,000 | (3,000) |
2nd | 4,000 | (4,000) |
Other non-taxable income
Amounts in this statement transfer from the
Income on books not on return
statement in the federal return. The application uses this information if there is a current year loss to calculate the adjusted net operating loss. The application assumes these amounts are not taxable to Arkansas. Enter adjustments in the State Amount
column of the statement.Related expenses
Amounts in this statement transfer from the federal Mc or Ms screens'
Expenses attributable to tax-exempt income
field. The application uses this information if there is a current year loss to calculate the adjusted net operating loss and assumes these amounts are not taxable to Arkansas. Enter adjustments in the State Amount
column of the statement.NOL footnote
Enter information regarding NOL adjustments in the statement attached to this field. This information prints as an attachment to the return.
Charitable Contributions Carryover
Excess Contributions
Enter as a positive number the amount of contributions disallowed as a deduction due to the Arkansas taxable income limitation. Enter this amount for each of the 5 prior taxable years. The amount entered here should be equal to the total contributions disallowed. The AR Contribution Carryover Worksheet displays the calculation of the current year carryover amount and can be used as a guideline in calculating the prior year excess contributions.
Prior Year Utilization
Enter as a positive number the amount of excess contributions for each year that has been utilized and is no longer available as a deduction. This amount is subtracted from the amount in the
Excess Contributions
field to determine the carryover available to the current year.Contributions adjustment for multi-state corporation (Force)
To change the calculated adjustment for the contribution adjustment on Form AR1100CT, Schedule A, when filing status 2, enter an amount in this field. To delete this item from the printed statement, enter 0. If 0 is entered, the application doesn't include the item in the printed statement or in the amount displayed on the form.