Get 2014 I-002 Form X-nol, Carryback Of Net Operating Loss (nol) (fillable) - Revenue Wi

Filling out the 2014 I-002 Form X-NOL is essential for individuals or entities seeking to carry back their net operating loss in Wisconsin. This guide provides a clear and supportive step-by-step approach to ensure users complete the form accurately and efficiently.

Follow the steps to fill out the form correctly.

1. Click the ‘Get Form’ button to obtain the form and open it in your editor.
2. Begin by entering the legal last name, first name, and middle initial of the individual or entity, followed by the social security number. Ensure accuracy to prevent processing delays.
3. If applicable, provide your spouse's legal last name, first name, middle initial, and their social security number. This is essential if you are filing jointly.
4. Next, input the legal name of the trust or estate along with its federal employer identification number (EIN). This step is crucial for trust filings.
5. Fill in your address, ensuring to include the number and street, city, state, and zip code correctly. This information is required for correspondence purposes.
6. Complete section a by stating the tax years involved in the carryback calculation, indicating whether the returns were filed jointly (J) or separately (S). This clarity will aid in processing your form.
7. If the social security number for the carryback year differs, provide this information in the designated space.
8. Proceed to the computation section. Start by entering the net operating loss (NOL) deduction in Column A under 'Before Carryback'.
9. Continue filling out Column A with necessary financial information, such as Wisconsin income and deductions, in the corresponding lines. Pay close attention to each entry to ensure correct calculations.
10. Once Column A is complete, replicate the necessary information in Column B to reflect the figures 'After Carryback'.
11. Finalize the computations by deriving the decrease in tax and ultimately your refund amount. This series of calculations is important to ascertain your financial standing.
12. Finally, sign the document where indicated, ensuring to confirm your declaration's validity. If applicable, include your spouse's signature.
13. Complete the designee section if you wish to allow another person to discuss this return with the Wisconsin Department of Revenue, filling in their name, phone number, and personal identification number (PIN).
14. After completing the form, review all entries for accuracy. You can then save any changes, download, print, or share the form as needed.

Complete your 2014 I-002 Form X-NOL online today to ensure you efficiently manage your net operating loss carryback.