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Kansas Free Printable K-139F Kansas Corporate Application for Refund From Carry Back of Net Operations Loss Rev. 8-18 for 2020 Kansas Refund From Carry Back of Farm Net Operating Loss

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Refund From Carry Back of Farm Net Operating Loss
K-139F Kansas Corporate Application for Refund From Carry Back of Net Operations Loss Rev. 8-18

K-139F PLEASE PRINT OR TYPE (Rev. 8-18) KANSAS 151601 CORPORATE SCHEDULE FOR REFUND FROM CARRY BACK OF FARM NET OPERATING LOSS Name Federal Identification Number Enter the taxable year and amount of net operating loss carry back. Number and Street of Principal Office City State Zip Code Year Ending Net operating Loss ______________ _______________ Date Loss Year Filed ______________ Is the year ending above a FINAL return for Kansas? o Yes o No CHART I - COMPUTATION OF DECREASE IN TAX NO REFUND WILL BE MADE WITHOUT FEDERAL SUPPORTING SCHEDULES Fifth preceding taxable year ending ______________ Fourth preceding taxable year ending ______________ Third preceding taxable year ending ______________ Second preceding taxable year ending ______________ First preceding taxable year ending ______________ Return as filed Liability after or liability as application of last determined carryback (a) (b) Return as filed Liability after or liability as application of last determined carryback (c) (d) Return as filed Liability after or liability as application of last determined carryback (e) (f) Return as filed Liability after or liability as application of last determined carryback (g) (h) Return as filed Liability after or liability as application of ast determined carryback (i) (j) 1. Kansas net taxable income as last adjusted. 2. Net operating loss deduction carry back. 3. Net taxable income (subtract line 2 from line 1). 4. Normal tax (4% of line 3). 5. Surtax (3% of amount of line 3 in excess of $50,000). 6. Total tax (add lines 4 and 5). 7. Nonrefundable credits (enclose applicable schedules if original amount changed). 8. Tax liability after credits (subtract line 7 from line 6). 9. Enter amount from line 8, columns b, d, f, h and j. 10. Decrease in tax (subtract line 9 from line 8). 11. Total decrease in tax. Claim in $1,500 increments beginning with the tax year of the farm net operating loss (add line 10, columns a, c, e, g and i). sign here __________________________________________________________________________________________________ Signature of officer Title Date ___________________________________________________________________________________________________ Signature of preparer (individual or firm) Address Date 151602 CHART II - FARM NET OPERATING LOSS (REFUND/CARRY FORWARD TRACKING) (a) Taxable year: __________________ to __________________ . (b) Loss year: ___________________ to (d) Amount of Refund (limited to $1,500 per year) ___________________ . (e) Tax Liability (c) Amount from K-139F, Chart I, line 11j: _____________________________ . (f) Amount of Carry Forward (limited to the tax liability amount) (g) Balance Tax Year: _____________________ Tax Year: _____________________ Tax Year: _____________________ Tax Year: _____________________ Tax Year: _____________________ Tax Year: _____________________ Tax Year: _____________________ Tax Year: _____________________ Tax Year: _____________________ INSTRUCTIONS FOR SCHEDULE K-139F (Include Schedule K-139F with your loss year return) GENERAL INFORMATION Chart I is for reporting net operating farm loss [as defined by 26 U.S.C. 172(j)] carry backs only. Kansas tax laws regarding net operating farm losses are in conformity with the federal net operating farm loss (NOL) tax laws. Therefore, corporations must have a NOL farm loss in order to have a Kansas NOL. See K.S.A. 79-32,143. For net operating farm losses [as defined by 26 U.S.C. 172(j)] incurred in taxable years beginning after December 31, 1999, a net operating farm loss deduction is allowed under Kansas law in the same manner that it is allowed under the federal internal revenue code except that such NOL may be carried forward to each of the ten (10) taxable years following the taxable year of the net operating loss. Furthermore, said net operating farm losses (those incurred in taxable years beginning after December 31, 1999) may be carried back a maximum of five (5) taxable years (if carried back on the federal return). Enclose a copy of the federal return 1139 or 1120X. Any refund of income tax which results from a farm NOL carry back shall be allowed in an amount not to exceed $1,500 per year. Any refund in excess of $1,500 in a given year will be carried forward for payment in the next calendar year. For example, if tax year 2014 loss is carried back to tax year 2009 income and a $5,000 refund is due, $1,500 of the total refund will be refunded to the taxpayer upon processing of the 2009 tax year return in 2010. A second payment of $1,500 will be refunded upon processing of the 2010 tax year return in 2011. A third payment of $1,500 will be refunded upon processing of the 2011 tax year return in 2012, and the remaining balance of $500 will be refunded in 2013. K.S.A. 79-32,143(f) allows a carry forward of any overpayment as a result of a farm NOL carry back: No refund of income tax which results from a farm NOL carry back shall be allowed in an amount exceeding $1,500 in any year. Any overpayment in excess of $1,500 may be carried forward to any year or years after the year of the loss and may be claimed as a credit against the tax. The refundable portion of such credit shall not exceed $1,500 in any year. (Emphasis added). INSTRUCTIONS FOR CHART II Use Chart II to track refunds (as a result of a farm NOL carry back) and any subsequent carry forward of those refunds. (a) Enter the taxable year of your return. (b) Enter the loss year from which the overpayment of tax results. (c) Enter the amount from Chart I, line 11j of this Farm NOL Schedule. (d) Enter the amount of refunds, by tax year, already issued to you as a result of a farm NOL. A maximum refund of $1,500 per year is allowed as a result of a Farm NOL. For tax years beginning with 2006, taxpayers may carry forward some or all of the overpayment of tax (as a result of a farm NOL carry back) to any future year(s) to be used as a credit against any tax owed. Enter in column (d) the amount of refund, if any, you are requesting. Enter this same amount on the appropriate line of Form K-120, PART I, refundable credit. (e) For tax year beginning on and after July 1, 2006, enter the amount of your tax liability for this tax year after all credits other than this credit. (f) For tax year beginning on and after July 1, 2006, enter the amount of tax you want applied to this tax year’s liability (do not enter more than this year’s tax liability). Enter this same amount on the appropriate line of Form K-120, PART I, nonrefundable credit. (g) Enter the balance of the overpayment here. Subtract the sum of (g) and (f) from the previous year’s balance.
Extracted from PDF file 2019-kansas-form-k-139f.pdf, last modified October 2019

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

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

Other Kansas Corporate Income Tax Forms:

TaxFormFinder has an additional 73 Kansas income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form K-41 Fiduciary Income Tax
Form K-4 Employees Withholding Allowance Certificate
Form K-89 Rural Opportunity Zone Credit Instructions
Form K-120ES Corporate Estimated Tax Payment Vouchers
Form K-30 Angel Investor Credit

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-139F 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-139F

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


2019 Form K-139F

K-139F Kansas Corporate Application for Refund From Carry Back of Net Operations Loss Rev. 8-18

2018 Form K-139F

Refund From Carry Back of Farm Net Operating Loss K-139F Rev. 9-15

2017 Form K-139F

Refund From Carry Back of Farm Net Operating Loss K-139F Rev. 9-15

2016 Form K-139F

Refund From Carry Back of Farm Net Operating Loss K-139F Rev. 9-15

Credit Schedules 2015 Form K-139F

Refund From Carry Back of Farm Net Operating Loss K-139F Rev. 9-15

Credit Schedules 2013 Form K-139F

K-1K-139F Corporate Scheudle for Refund From Carry Back of Farm Net Operating Loss (Rev. 8-11)

Credit Schedules 2011 Form K-139F

K-1K-139F Corporate Scheudle for Refund From Carry Back of Farm Net Operating Loss (Rev. 8-11)


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