Form K-139 Kansas Corporate Applications for Refund From Carry Back of Net Operating Loss - Kansas

What Is Form K-139?

This is a legal form that was released by the Kansas Department of Revenue - a government authority operating within Kansas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form K-139?
A: Form K-139 is the Kansas Corporate Application for Refund From Carry Back of Net Operating Loss.

Q: Who can use Form K-139?
A: This form can be used by corporations in Kansas who have experienced a net operating loss that they want to carry back and claim a refund for.

Q: What is a net operating loss?
A: A net operating loss occurs when a company's tax deductible expenses exceed its taxable income in a given year.

Q: What is a carry back of net operating loss?
A: A carry back of net operating loss allows a company to apply its current year losses to previous years' taxable income, potentially resulting in a refund of taxes paid in those previous years.

Q: Is there a deadline for filing Form K-139?
A: Yes, Form K-139 must be filed within three years from the due date of the original return or within one year from the final determination of the carry back or amended return, whichever is later.