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This version of the form is not currently in use and is provided for reference only. Download this version of
Form DP-132-WE
for the current year.
Form DP-132-WE Net Operating Loss (Nol) Deduction for Combined Groups - New Hampshire
What Is Form DP-132-WE?
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-132-WE?
A: Form DP-132-WE is used to claim a Net Operating Loss (NOL) deduction for combined groups in New Hampshire.
Q: What is a Net Operating Loss (NOL) deduction?
A: A Net Operating Loss (NOL) deduction allows businesses to offset their taxable income by deducting the losses incurred in previous years.
Q: Who can use Form DP-132-WE?
A: This form is used by combined groups in New Hampshire to claim the Net Operating Loss (NOL) deduction.
Q: What is a combined group?
A: A combined group refers to a group of related corporations that elect to file a combined report for tax purposes.
Q: What is the purpose of the NOL deduction?
A: The NOL deduction helps businesses reduce their taxable income and potentially lower their tax liability.
Q: Is the NOL deduction available for individuals?
A: No, the NOL deduction is typically available only for businesses and corporations.
Q: Are there any limitations or restrictions on the NOL deduction?
A: Yes, there may be limitations on the amount of NOL deduction that can be claimed in a given year, and carryforward or carryback rules may apply.
Q: Are there any deadlines for filing Form DP-132-WE?
A: Yes, the deadlines for filing Form DP-132-WE may vary and are typically specified by the New Hampshire Department of Revenue Administration.
Q: Is professional assistance recommended for completing Form DP-132-WE?
A: If you are unfamiliar with tax forms or have complex tax situations, it is recommended to seek professional assistance to ensure accurate completion of the form.
Form Details:
- Released on October 1, 2021;
- The latest edition provided by the New Hampshire Department of Revenue Administration;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form DP-132-WE by clicking the link below or browse more documents and templates provided by the New Hampshire Department of Revenue Administration.
