IRS Form 1139 is not filed with the corporation's income tax return. It is mailed separately to the Internal Revenue Service Center where the corporation files its income tax return.
A corporation (other than an S corporation) files Form 1139 to apply for a quick refund of taxes from:
- The carryback of an NOL;
- The carryback of a net capital loss;
- The carryback of an unused general business credit;
- An overpayment of tax due to a claim of right adjustment under section 1341(b)(1); or
- An election under section 53(e)(5) to claim 100% of prior year minimum tax for its tax year beginning in 2018.
Generally, the corporation must file Form 1139 within 12 months of the end of the tax year in which an NOL, net capital loss, unused credit, or claim of right adjustment arose.
Because Form 1139 is not filed with the corporation's income tax return, it is not included in TaxSlayer Pro. It can be filled in at the IRS website here, then printed and mailed.
Click here for Form 1139 instructions.
Additional Information: