Instructions For Form 1045 - Application For Tentative Refund

income determined after you apply

If you used TeleFile for your

1. The smaller of:

the NOL or net section 1256

original return and someone else

a. The sum of the ATNOL

contracts loss carryback. Amounts

could claim you as a dependent on

carrybacks and carryforwards to the

you may have to refigure include:

their return, enter zero if you were

tax year attributable to NOLs other

•

Medical expenses,

single. If you were married, see Form

than qualified GO Zone losses, or

•

Personal casualty and theft losses,

1040EZ for the year in question and

b. 90% of AMTI for the tax year

•

Miscellaneous deductions subject

complete the worksheet on the back

(figured without regard to the

to the 2% limit, and

of that form. Next, enter the amount

ATNOLD and any domestic

•

Itemized deductions subject to the

from line F of that worksheet on Form

production activities deduction), plus

overall limit of section 68.

1045, line 15, in the column labeled

2. The smaller of:

Do not refigure your charitable

“Before carryback” for the applicable

a. The sum of the ATNOL

contributions deduction.

year. If no one could claim you as a

carrybacks to the tax year attributable

dependent, enter the amount listed

If you have an NOL, see Pub. 536

to qualified GO Zone losses, or

above for that year.

for more information and examples.

b. AMTI for the tax year (figured

After carryback. If your

If you did not itemize deductions in

without regard to the ATNOLD and

deduction for personal exemptions in

the carryback year, enter your

any domestic production activities

the carryback year was limited based

standard deduction for that year.

deduction) reduced by the amount

on your adjusted gross income, enter

determined under (1), above.

Line 14—Exemptions

in the column labeled “After

carryback” the deduction for personal

Individuals. Enter in the column

exemptions refigured using the

Line 19—General

labeled “Before carryback” for each

adjusted gross income determined

applicable carryback year, the

after you apply the NOL or net

Business Credit

amount shown (or as previously

section 1256 contracts loss

Enter in the column labeled “After

adjusted) on Form 1040:

carryback.

•

carryback” for each affected

Line 42 for 2005 –2006,

•

Estates and trusts. Enter in the

carryback year the total of the

Line 41 for 2004,

•

columns labeled “Before carryback”

recomputed general business credits,

Line 39 for 2003,

•

and “After carryback” for each

using Form 3800, 8844, or 6478, or

Line 40 for 2002,

•

applicable carryback year the amount

Form 8835, Section B.

Line 38 for 1998 –2001, or

•

shown (or as previously adjusted) on

Line 37 for 1997.

Form 1041, line 20 (line 21 for 1997).

If an NOL or net section 1256

If you filed Form 1040NR, enter

contracts loss carryback eliminates or

the amount shown (or as previously

Line 16—Income Tax

reduces a general business credit in

adjusted) on:

an earlier year, you may be able to

•

Refigure your tax for each carryback

Line 39 for 2005 –2006,

carry back the released credit 1 year

•

year after taking into account the

Line 38 for 2004,

(3 years if the credit arose in a tax

•

NOL or net section 1256 contracts

Line 37 for 2003,

year beginning before 1998). See

•

loss carryback. Include any tax from

Line 38 for 2002,

section 39 and the instructions for

•

Form 4970, Tax on Accumulation

Line 37 for 1998 –2001, or

Form 3800 for more details on

•

Distribution of Trusts, and Form 4972,

Line 36 for 1997.

general business credit carrybacks.

Tax on Lump-Sum Distributions.

If you filed Form 1040A, enter the

Attach any schedule used to figure

amount shown (or as previously

your tax or an explanation of the

Line 20—Other Credits

adjusted) on:

method used to figure the tax and, if

•

Line 26 for 2002 –2006,

See your tax return for the carryback

necessary, a detailed computation.

•

year for any additional credits such as

Line 24 for 2000 –2001,

•

For example, write “Tax

the earned income credit, credit for

Line 23 for 1998 –1999, or

•

Computation Worksheet –2005” if this

Line 21 for 1997.

child and dependent care expenses,

is the method used for that year. You

child tax credit, education credits,

If you filed Form 1040EZ and

do not need to attach a detailed

foreign tax credit, retirement savings

checked the “Yes” box on Form

computation of the tax in this case.

contributions credit, etc., that will

1040EZ, line 5 (for 2005 and 2006,

apply in that year. If you make an

the “You” box on line 5), enter zero

Line 17—Alternative

entry on this line, identify the credit(s)

(or the amount from line F (line E for

claimed.

2005) of the 1040EZ worksheet if

Minimum Tax

married). If you checked the “No” box

After carryback. Refigure any

The carryback of an NOL or net

(for 2005 and 2006, you did not

credits included on this line that are

section 1256 contracts loss may

check any box), enter:

based on or limited by your tax

•

affect or cause you to owe alternative

$3,300 for 2006 ($6,600 if married),

liability. Use your tax liability

•

minimum tax. Individuals use Form

$3,200 for 2005 ($6,400 if married),

determined after you apply the NOL

•

6251 to figure this tax. Estates and

$3,100 for 2004 ($6,200 if married),

or net section 1256 contracts loss

trusts use Schedule I (Form 1041).

•

$3,050 for 2003 ($6,100 if married),

carryback.

•

$3,000 for 2002 ($6,000 if married),

The 90% limit on the alternative

•

$2,900 for 2001 ($5,800 if married),

tax net operating loss deduction

•

Line 23—

$2,800 for 2000 ($5,600 if married),

(ATNOLD) does not apply to the

•

$2,750 for 1999 ($5,500 if married),

portion of an ATNOLD attributable to

Self-Employment Tax

•

$2,700 for 1998 ($5,400 if married),

qualified GO Zone losses. Instead,

the ATNOLD for the tax year is

Do not adjust self-employment tax

•

$2,650 for 1997 ($5,300 if married).

limited to the sum of:

because of any carryback.

-5-

Instructions For Form 1045 - Application For Tentative Refund - 2007 Page 5

Related Articles

Related forms

Related Categories