This version of the form is not currently in use and is provided for reference only. Download this version of Form NOL-85 for the current year.
This is a legal form that was released by the Alabama Department of Revenue - a government authority operating within Alabama. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form NOL-85?
A: Form NOL-85 is a form used to calculate the net operating loss (NOL) in Alabama.
Q: What is a net operating loss?
A: A net operating loss occurs when a company's allowable deductions exceed its taxable income.
Q: Who needs to file Form NOL-85?
A: Form NOL-85 needs to be filed by companies or individuals in Alabama who have incurred a net operating loss.
Q: What is the purpose of Form NOL-85?
A: The purpose of Form NOL-85 is to calculate and carry forward net operating losses for tax purposes.
Q: Are there any specific instructions for completing Form NOL-85?
A: Yes, there are specific instructions provided with the form that guide taxpayers on how to fill it out correctly.
Form Details:
Download a fillable version of Form NOL-85 by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.