Form DP-131-A Worksheet for Apportionment of Net Operating Loss (Nol) - New Hampshire

What Is Form DP-131-A?

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

FAQ

Q: What is Form DP-131-A?
A: Form DP-131-A is a worksheet used for the apportionment of Net Operating Loss (NOL) in the state of New Hampshire.

Q: What is Net Operating Loss (NOL)?
A: Net Operating Loss (NOL) refers to the amount by which a company's deductible expenses exceed its taxable income.

Q: Why is apportionment of NOL necessary?
A: Apportionment of NOL is necessary to determine how much of the loss can be carried forward or back to offset taxable income in different jurisdictions.

Q: Who needs to use Form DP-131-A?
A: Taxpayers in the state of New Hampshire who have incurred a Net Operating Loss (NOL) and need to apportion it should use Form DP-131-A.

Q: Is there a deadline for filing Form DP-131-A?
A: Yes, the deadline for filing Form DP-131-A is the same as the deadline for filing the New Hampshire business tax return, which is typically April 15th.

Q: Are there any specific instructions for completing Form DP-131-A?
A: Yes, the form contains detailed instructions that should be followed carefully to ensure accurate apportionment of the Net Operating Loss (NOL).

Q: Are there any penalties for late or incorrect filing of Form DP-131-A?
A: Yes, failure to timely file or inaccurately complete Form DP-131-A may result in penalties and interest.

Q: What should I do if I need help with Form DP-131-A?
A: If you need assistance with Form DP-131-A, you can contact the New Hampshire Department of Revenue Administration or consult a tax professional.