Instructions for Form CIT-139 West Virginia Corporation Application for Refund From Carryback of Net Operating Loss - West Virginia

This document contains official instructions for Form CIT-139 , West Virginia Corporation Application for Refund From Carryback of Net Operating Loss - a form released and collected by the West Virginia State Tax Department.

FAQ

Q: What is Form CIT-139?
A: Form CIT-139 is the West Virginia Corporation Application for Refund From Carryback of Net Operating Loss.

Q: What is the purpose of Form CIT-139?
A: The purpose of Form CIT-139 is to apply for a refund from the carryback of a net operating loss for a West Virginia corporation.

Q: Who needs to file Form CIT-139?
A: West Virginia corporations that have incurred a net operating loss and want to carry back that loss to a prior tax year and receive a refund need to file Form CIT-139.

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

Q: Can Form CIT-139 be filed electronically?
A: No, Form CIT-139 cannot be filed electronically. It must be filed by mail or in person.

Q: What supporting documents are required when filing Form CIT-139?
A: When filing Form CIT-139, you must include federal tax return information for the carryback year, a copy of the federal net operating loss computation, and any other supporting documentation the department deems necessary.

Q: What is the deadline for filing Form CIT-139?
A: Form CIT-139 must be filed within three years from the due date of the original return.

Q: Are there any fees associated with filing Form CIT-139?
A: No, there are no fees associated with filing Form CIT-139.