Discussion:NOL - election due by 10/15
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| Revision as of 19:08, 9 October 2009 Cody2826 (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 19:31, 9 October 2009 Seaside CPA (Talk | contribs) (See Publication) Next diff → |
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| We are confused since we are not changing anything on the return, just filing the election. | We are confused since we are not changing anything on the return, just filing the election. | ||
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| + | {{ForumReplyPost|UserID=Seaside CPA|Date=9 October 2009|Text=See Publication 536, Waiving the Carryback Period. It tells you what to do.}} | ||
Revision as of 19:31, 9 October 2009
Discussion Forum Index --> Advanced Tax Questions --> NOL - election due by 10/15
Discussion Forum Index --> Tax Questions --> NOL - election due by 10/15
| 9 October 2009 | |
| we have a 2008 tax return that an election to forego the NOL carryback was not made. We originally thought we would carry it back, but now the client doesn't want to.
Per reg 301.9100-2(b) we have 6 months from the original due date of the return to make the election. The only thing that is changing on the return is we are making the election. Do we file an amended return or just file the original return with the election attached. We are confused since we are not changing anything on the return, just filing the election. | |
Seaside CPA (talk|edits) said: | 9 October 2009 |
| See Publication 536, Waiving the Carryback Period. It tells you what to do. | |
