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West Virginia Free Printable 2008 West Virginia Personal Income Tax Booklet for 2024 West Virginia Credit for Utility Net Operating Loss Carryovers

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Credit for Utility Net Operating Loss Carryovers
2008 West Virginia Personal Income Tax Booklet

WV/UNOLC-1 Org. 08/2009 WEST VIRGINIA STATE TAX DEPARTMENT SCHEDULE UNOLC-1 CREDIT FOR UTILITY NET OPERATING LOSS CARRYOVERS BUSINESS NAME IDENTIFICATION NUMBER TAX PERIOD MM DD YYYY TO MM DD YYYY Part A - Qualification Note: The Credit for Utility Net Operating Loss Carryovers is only available for tax years beginning on or after January 1, 2008. In order to claim a Credit for Utility Net Operating Loss Carryovers, all of the following must be satisfied: I. The Taxpayer, or an affiliate*, is subject to the Business and Occupation Tax prescribed by West Virginia Code §11-13-1 et seq. and is exercising any privilege taxable under West Virginia Code §11-13-2o. [*A group that has elected to file a consolidated Corporation Net Income Tax return is eligible if one or more of the affiliates included would qualify.] II. The Taxpayer had a West Virginia net operating loss carryover that existed as of December 31, 2006. If items I and II above have been satisfied, please complete the following: Name(s) and Federal Employer Identification Number(s) of Affiliates(s) meeting Item I above (attach extra page(s) as needed): Name FEIN Part B - Total Available Credit Calculation Amount of West Virginia Net Operating Loss Carryover that existed as of December 31, 2006 1. 1. $_______________ 2. Total Amount of Utility Net Operating Loss Credit Available (0.25% {0.0025} of the 2. $_______________ West Virginia Net Operating Loss of December 31, 2006 Part C - Annual Credit Computation and Reconciliation Tax Year Ending (mm/dd/yyyy) (B) (A) Corporation Net Beginning Balance Income Tax of Total Available Liability Utility Net Operating Loss Carryover Credit (C) Other Tax Credits Claimed (D) Adjusted Tax Liability [Col B - Col C] (E) Utility Net Operating Loss Carryover Credit Applied* [Lesser of Amounts in Col. A and Col. D] (F) Available Utility Net Operating Loss Carryover Credit Remaining (Amount on Line 2 less cumulative to date amount of Col. E) *Enter the amount of Utility Net Operating Loss Carryover Credit Applied (Column E above) for the current tax year on Summary of Corporation Net Income Tax / Business Franchise Tax Credits (Schedule/Form WV/CNF-120TC). Under penalties of perjury, I declare that I have examined this credit claim form (including accompanying schedules and statements) and to the best of my knowledge it is true, and complete. Signature of Taxpayer Name of Taxpayer: Type or Print Title Person to Contact Concerning this Return Signature of Preparer other than Taxpayer Date Telephone Number Address Title Date
Extracted from PDF file 2023-west-virginia-form-unolc1.pdf, last modified September 2009

More about the West Virginia Form UNOLC1 Corporate Income Tax Tax Credit TY 2023

We last updated the Credit for Utility Net Operating Loss Carryovers in February 2024, so this is the latest version of Form UNOLC1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form UNOLC1 directly from TaxFormFinder. You can print other West Virginia tax forms here.


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Other West Virginia Corporate Income Tax Forms:

TaxFormFinder has an additional 75 West Virginia income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form PTE100 Income Tax Return S Corporation & Partnership (Pass-Through Entity) Formerly SPF 100
SPF100 Schedule SP Shareholder / Partner Information and Non-resident Withholding
Form CIT 120 Corporate Net Income (formerly CNF 120)
Form IT-141ES Fiduciary Estimated Tax Payment Voucher
Form PTE-100 Schedule A Income/Loss Modifications to Federal Pass-Through Income

Download all WV tax forms View all 76 West Virginia Income Tax Forms


Form Sources:

West Virginia usually releases forms for the current tax year between January and April. We last updated West Virginia Form UNOLC1 from the Department of Revenue in February 2024.

Show Sources >

Form UNOLC1 is a West Virginia Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

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 West Virginia Form UNOLC1

We have a total of eleven past-year versions of Form UNOLC1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet

2022 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet

2021 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet

2020 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet

2019 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet

2017 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet

2016 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet

2015 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet

2008 PIT 2013 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet

2008 PIT 2012 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet

2008 PIT 2011 Form UNOLC1

2008 West Virginia Personal Income Tax Booklet


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