Get Nol - Wisconsin Department Of Revenue

Completing the NOL form from the Wisconsin Department of Revenue is an essential step for individuals and estates or trusts seeking to carry back a net operating loss. This guide provides a detailed walkthrough of the form to ensure accurate and efficient filing.

Follow the steps to successfully complete the form online.

1. Press the ‘Get Form’ button to retrieve the NOL form and open it in your editor.
2. Enter the legal last name, first name, and middle initial of the individual or estate in the designated fields. If applicable, also provide the spouse’s legal last name, first name, and middle initial.
3. Input the social security number for both the individual and the spouse if filing jointly. If the legal name pertains to a trust, fill in the trust's name along with the estate’s or trust’s federal EIN.
4. Fill out the address details, including number and street, city or post office, state, and zip code.
5. For carryback years, indicate the years filed and specify whether it was a joint (J) or separate (S) return for each year.
6. Proceed to compute the decrease in tax by entering the figures for various lines, starting with Wisconsin income and standard deduction. Continue through the tax computation until reaching the net tax.
7. Calculate the NOL deduction at the appropriate step and ensure to enter declarations of accuracy and completeness where required.
8. Finalize by reviewing all entries for accuracy, then save your changes. You can choose to download, print, or share the completed form as needed.

Take the first step and fill out your NOL form online to manage your tax filings efficiently.