Does the 1045 for the NOL carryback go with the 2009 tax return? Or does it go in separately?
Linda
Linda
-
-
I have
been EFiling return THEN later mailing 1045... -
Thursday
I moved them to come Thursday to pick up their return. So I have a couple days to get it done. Don't like to do something I haven't done in a while under pressure.
LindaComment
-
Mail
It goes in the mail separately to the IRS center where a paper return would have been sent.
I got a friend to help me with the 5 yr carry back. I had to override the 5th year totals to get the 50% reduction in there.
I owe my friend big-time..."I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur GodfreyComment
-
still not done
I will be ok when I get the first line started I think. But just need to be able to study the instructions a little bit. Wish I had my old HRB textbooks right now.
If it is mailed separately, I will efile their return for this year when they come in today. Then I will tell them the 1045 will be done next week and we will mail it in then.
That will take a little pressure off me for today.
LindaComment
-
Carrybacks
I always try to carry the NOL forward. Once I forgot to do so and had to spend a lot of time figuring out how to do the Form 1045. Once I goofed and did NOT carry it back, then the client's income dropped drastically and the loss carry-forward was virtually useless.
In all other cases, the carry-forward was just as good as a carry-back.Comment
Comment