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Kansas Free Printable K-139 Corporate Applications for Refund From Carry Back of Net Operations Loss Rev. 8-19 for 2020 Kansas Corporate Application for Refund From Carry Back of Net Operating Loss

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Corporate Application for Refund From Carry Back of Net Operating Loss
K-139 Corporate Applications for Refund From Carry Back of Net Operations Loss Rev. 8-19

K-139 (Rev. 8-19) KANSAS 150818 CORPORATE APPLICATIONS FOR REFUND FROM CARRY BACK OF NET OPERATING LOSS Name Employer Identification Number (EIN) Address (number and street of principal office) Enter the taxable year and amount of Net Operating Loss carry back. City, State, Zip Code Year ended Net Operating loss ______________ ______________ Date loss year filed ______________ Was the "Year ended" return a FINAL for Kansas? o Yes o No COMPUTATION OF DECREASE IN TAX NO REFUND WILL BE ISSUED without Federal Supporting Schedules (Forms 1139 or 1120X). 3rd preceding taxable year ended 2nd preceding taxable year ended 1st preceding taxable year ended _______________ _______________ _______________ (a) (b) (c) If Federal Forms 1139 OR 1120X were not filed, Return as filed Liability after Return as filed explain the reason in detail on the back of this or liability as last appreciation of or liability as last form. determined carry back determined (d) Liability after application of carry back (e) (f) Return as filed Liability after or liability as last appreciation of determined carry back 1. Kansas net taxable income before deducting line 2 of this form. 2. Net operating loss deduction resulting from carry back. 3. Net taxable income as adjusted (subtract) line 2 from line 1). 4. For tax years commencing before 1-1-92. 4a. Normal tax (4.5% of line 3). 4b. Surtax (2.25% of amount of line 3 in excess of $25,000). 5. For tax years commencing after 12-31-91. 5a. Normal tax (4% of line 3). 5b. Surtax (3% of amount of line 3 in excess of $50,000). 6. Total tax (add lines 4a and 4b or 5a and 5b). 7. Total refundable credits (enter total of any tax credits for which you are eligible). You must complete and enclose applicable schedules. 8. Tax liability after credits (subtract line 7 from line 6). 9. Enter amounts from line 8, columns b, d and f. 10. Overpayment (subtract line 9 from line 8). I declare under the penalties of perjury that to the best of my knowledge and belief this is a true, correct and complete application. sign here _______________________________________________________________________________________________________________ Signature of officer Title Date _______________________________________________________________________________________________________________ Signature of preparer (individual or firm) Address Date Mail this application to: Kansas Corporate Income Tax, Kansas Department of Revenue, PO Box 750260, Topeka, KS 66699-0260. File this application separately from your income tax return. — FOR OFFICE USE ONLY — Auditor ____________________________________________________________________ Tax Interest Total Refund Date _______________________ GENERAL INFORMATION FOR FORM K-139 KANSAS NET OPERATING LOSS For net operating losses incurred in taxable years beginning after December 31, 1987, a net operating loss deduction shall be allowed in the same manner that it is allowed under the federal internal revenue code except that such net operating loss may only be carried forward to each of the 10 taxable years following the taxable year of the net operating loss. The amount of the net operating loss that may be carried forward for Kansas income tax purposes shall be that portion of the federal net operating loss allocated to Kansas under this act in the taxable year that the net operating loss is sustained. The amount of the loss to be carried forward will be the federal net operating loss after (1) all modifications required under this act applicable to the net loss in the year the loss was incurred; and (2) after apportionment as to source in the case of corporations in the same manner that income for such corporations is required to be apportioned. If a net operating loss was incurred in a taxable year beginning prior to January 1, 1988, the amount of the net operating loss that may be carried back and carried forward and the period for which it may be carried back and carried forward shall be determined under the provisions of the Kansas income tax laws which were in effect during the year that such net operating loss was incurred. If any portion of a net operating loss described in paragraphs 1 and 2 to the left is not utilized prior to the final year of the carry forward period provided in paragraph 1, a refund shall be allowable in such final year in an amount equal to the refund which would have been allowable in the taxable year the loss incurred by utilizing the three year carry back provided under K.S.A. 79-32,143, as in effect on December 31, 1987, multiplied by a fraction, the numerator of which is the unused portion of such net operating loss in the final year, and the denominator of which is the amount of such net operating loss which could have been carried back to the three years immediately preceding the year in which the loss was incurred. In no event may such fraction exceed 1. Use the space below to perform this calculation if necessary. KANSAS CAPITAL LOSS CARRY BACK Kansas law does not provide for a capital loss carry back; however, Kansas does allow federal adjustments to arrive at adjusted Kansas taxable income and one of those adjustments would be a federal capital loss carry back. Therefore, Kansas would allow the capital loss carry back at the federal level to arrive at adjusted federal taxable income. This method is different than the Kansas net operating loss carry back which is computed separately for Kansas. You should compute the capital loss carry back on Form K-120 for Kansas and enclose any federal schedule that is applicable. Use the following space to calculate the ratio for net operating loss carry back. (Enclose additional sheets if necessary.)
Extracted from PDF file 2019-kansas-form-k-139.pdf, last modified October 2019

More about the Kansas Form K-139 Corporate Income Tax TY 2019

We last updated the Corporate Application for Refund From Carry Back of Net Operating Loss in March 2020, so this is the latest version of Form K-139, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form K-139 directly from TaxFormFinder. You can print other Kansas tax forms here.

Related Kansas Corporate Income Tax Forms:

TaxFormFinder has an additional 73 Kansas income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Kansas Form K-139.

Form Code Form Name
Form K-139F Refund From Carry Back of Farm Net Operating Loss

Download all KS tax forms View all 74 Kansas Income Tax Forms


Form Sources:

Kansas usually releases forms for the current tax year between January and April. We last updated Kansas Form K-139 from the Department of Revenue in March 2020.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Kansas Form K-139

We have a total of seven past-year versions of Form K-139 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form K-139

K-139 Corporate Applications for Refund From Carry Back of Net Operations Loss Rev. 8-19

2018 Form K-139

Corporate Applications for Refund From Carry Back of Net Operations Loss K-139 Rev. 10-17

2017 Form K-139

Corporate Applications for Refund From Carry Back of Net Operations Loss K-139 Rev. 10-17

2016 Form K-139

K-139 Corporate Application for Refund From Carry Bacj of Net Operating Loss (Rev. 8-11)

Credit Schedules 2015 Form K-139

K-139 Corporate Application for Refund From Carry Bacj of Net Operating Loss (Rev. 8-11)

Credit Schedules 2013 Form K-139

K-139 Corporate Application for Refund From Carry Bacj of Net Operating Loss (Rev. 8-11)

Credit Schedules 2011 Form K-139

K-139 Corporate Application for Refund From Carry Bacj of Net Operating Loss (Rev. 8-11)


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