Form 3805Q – Fill Out and Use This PDF

The Form 3805Q is a document used by corporations in California to compute Net Operating Losses (NOL) and apply limitations on those losses, including disaster loss limitations for a specific taxable year. Designed to be attached to various corporate tax forms, such as Form 100 or Form 100S, it assists businesses in managing losses and maximizing potential deductions. To ensure your business leverages every possible tax advantage, click the button below to learn more about filling out Form 3805Q.

Get Form Now Download PDF

Form 3805Q PDF Details

Understanding the nuances of the 3805Q form is crucial for corporations navigating tax filings in California, especially those dealing with net operating losses (NOL). This form, designed for the 2012 tax year, is an essential document for corporations, including C corporations, S corporations, exempt organizations, and Limited Liability Companies electing to be taxed as corporations, to compute NOLs and apply limitations on disaster loss. It's attached to other forms like Form 100, Form 100W, Form 100S, or Form 109, making it a pivotal part of the tax filing procedure for entities that have experienced losses during the tax year. The form meticulously breaks down calculations starting from the current year NOL, adjustments for disaster losses, to specifics about losses incurred by new and eligible small businesses, thereby enabling companies to accurately carry over losses to subsequent years. Additionally, it provides a detailed framework for calculating NOL carryovers and disaster loss carryover limitations, ensuring that corporations apply these losses correctly against their income. Through a combination of specific instructions and structured data input fields, the 3805Q form guides corporations in leveraging tax relief provisions effectively, thus highlighting its significance in the realm of corporate taxation in California.

Question	Answer
Form Name	Form 3805Q
Form Length	1 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	15 sec
Other names	3805q 2018, form 3805q, 2017 form 3805q california fillable, form 3805q instructions 2018

Form Preview Example

TAXABLE YEAR

Net Operating Loss (NOL) Computation and

CALIFORNIA FORM

2012

NOL and Disaster Loss Limitations — Corporations

3805Q

Attach to Form 100, Form 100W, Form 100S, or Form 109.

Corporation name

California corporation number

During the taxable year the corporation incurred the NOL, the corporation was a(n):  C corporation

FEIN

 S corporation

 Exempt organization  Limited Liability Company (electing to be taxed as a corporation)

If the corporation previously ﬁled California tax returns under another corporate name, enter the corporation name and California corporation number:

______________________________________________________________________________________________________________________________

If the corporation is included in a combined report of a unitary group, see instructions, General Information C, Combined Reporting.

PART I Current year NOL. If the corporation does not have a current year NOL, go to Part II.

1Net loss from Form 100, line 19; Form 100W, line 19; Form 100S, line 16; or Form 109, line 2.

	Enter as a positive number		. . . . . . . . . . . . . . . . . . .	. . . . . 1
2	2012 disaster loss included in line 1. Enter as a positive number		. . . . . . . . . . . . . . . . . . .	. . . . . 2
3	Subtract line 2 from line 1. If zero or less, enter -0- and see instructions		. . . . . . . . . . . . . . . . . . .	. . . . . 3
4	a Enter the amount of the loss incurred by a new business included in line 3		4a	00
	b Enter the amount of the loss incurred by an eligible small business included in line 3		4b	00
	c Add line 4a and line 4b		. . . . . . . . . . . . . . . . . . .	. . . . . 4c
5	General NOL. Subtract line 4c from line 3		. . . . . . . . . . . . . . . . . . .	. . . . . 5
6	2012 NOL carryover. Add line 2, line 4c, and line 5. See instructions		. . . . . . . . . . . . . . . . . . .	. . . . . 6
PART II		NOL carryover and disaster loss carryover limitations. See Instructions.
				(g)
				Available balance
1	Net income (loss) – Enter the amount from Form 100, line 19; Form 100W, line 19; Form 100S, line 16 less
	line 17 (but not less than -0-); or Form 109, line 2		. . . . . . . . . . . . . . .

Prior Year NOLs

	(a)	(b)	(c)	(d)	(e)			(f)		(h)
Year of		Code – See instructions	Type of NOL –	Initial loss	Carryover			Amount used		Carryover to 2013
	loss		See below*		from 2011			in 2012		col. (e) - col. (f)
2



Current Year NOLs
										col. (d) - col. (f)
3	2012		DIS
4	2012
	2012
	2012
	2012
*Type of NOL: General (GEN), New Business (NB), Eligible Small Business (ESB), or Disaster (DIS).

PART III 2012 NOL deduction
1	Total the amounts in Part II, line 2, column (f) . . .			. . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . .	.	. . .	. . . . . . . . . . . . .	1	00

2Enter the total amount from line 1 that represents disaster loss carryover deduction here and on Form 100, line 22;

Form 100W, line 22; or Form 100S, line 20. Form 109 ﬁlers enter -0-

3Subtract line 2 from line 1. Enter the result here and on Form 100, line 20; Form 100W, line 20; Form 100S, line 18;

or Form 109, line 7

7521123

FTB 3805Q 2012

How to Edit Form 3805Q Online for Free

Dealing with PDF files online can be a breeze with our PDF editor. You can fill out form 3805q editable here painlessly. To retain our tool on the forefront of efficiency, we strive to put into action user-driven capabilities and improvements regularly. We are always looking for feedback - join us in revampimg PDF editing. With just a couple of easy steps, you may begin your PDF journey:

Step 1: Open the form in our editor by hitting the "Get Form Button" at the top of this page.

Step 2: After you access the tool, you will get the form ready to be completed. Apart from filling in various fields, you might also do other sorts of things with the PDF, namely putting on your own words, modifying the initial textual content, inserting illustrations or photos, affixing your signature to the document, and much more.

As a way to fill out this PDF document, ensure you provide the right details in each blank field:

1. While filling out the form 3805q editable, ensure to incorporate all of the important fields in its associated part. It will help to speed up the work, allowing your details to be processed efficiently and appropriately.

california 3805q instructions 2018 conclusion process described (portion 1)

2. Once your current task is complete, take the next step – fill out all of these fields - Current Year NOLs, DIS, Type of NOL General GEN New, Part III NOL deduction, Total the amounts in Part II line, and col d col f with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

DIS, Current Year NOLs, and Type of NOL General GEN New of california 3805q instructions 2018

You can easily make a mistake when completing the DIS, therefore you'll want to go through it again before you decide to finalize the form.

3. This next portion focuses on Total the amounts in Part II line, Form W line or Form S line Form, or Form line, and FTB Q - fill in these blanks.

Step no. 3 for completing california 3805q instructions 2018

Step 3: Right after you've reread the information entered, simply click "Done" to conclude your document creation. Find the form 3805q editable after you register at FormsPal for a 7-day free trial. Easily get access to the document in your FormsPal cabinet, with any modifications and changes being conveniently saved! FormsPal provides secure document tools with no data record-keeping or sharing. Feel comfortable knowing that your data is in good hands with us!

Form 3805Q – Fill Out and Use This PDF

Form 3805Q PDF Details

Form Preview Example

How to Edit Form 3805Q Online for Free

Form 3805Q isn’t the one you’re looking for?

Related Documents