Get 3805q 2018

Filling out the 3805q 2018 form is essential for corporations in California to report their net operating loss (NOL) and any related disaster loss. This guide provides a clear, step-by-step approach to assist you in accurately completing the form online, ensuring all necessary information is submitted correctly for your corporation's tax obligations.

Follow the steps to complete the 3805q 2018 form online

1. Press the ‘Get Form’ button to obtain the 3805q 2018 and open it in an online editor.
2. Begin by entering the corporation name in the designated field at the top of the form. Make sure the name matches the records.
3. Input the California corporation number and federal employer identification number (FEIN) as required.
4. Indicate the type of corporation by checking the appropriate box: C corporation, S corporation, exempt organization, or limited liability company.
5. If applicable, enter the prior corporate name and California corporation number if the corporation has previously filed under a different name.
6. Move to Part I to report the current year NOL. Begin with the net loss from the relevant form and enter it as a positive number in line 1.
7. In line 2, if applicable, record any disaster loss included in line 1, again as a positive number.
8. Complete line 3 by subtracting line 2 from line 1. If the result is zero or less, enter -0-.
9. For line 4, indicate losses from new and eligible small businesses if applicable, and compute the total in line 4c.
10. Calculate the general NOL in line 5 by subtracting line 4c from line 3.
11. Add the amounts in lines 2, 4c, and 5 to determine the current year NOL in line 6.
12. If carrying back the NOL to offset previous income, complete Part III before returning to Part I to fill lines 7 to 9.
13. If the corporation elects to waive the carryback, check the box indicated for that election.
14. Proceed to Part II to report NOL carryover and disaster loss carryover limitations, ensuring to follow the instructions for net income and losses.
15. Finally, review all completed sections for accuracy, then choose to save changes, download, print, or share the form as necessary.

Start completing the 3805q 2018 form online today for accurate and timely submission.