Form 1045

Form 1045

A form that one files with the IRS to request a tentative tax refund. One may do this for a carryback from a net operating loss, the carryback of an unused tax credit, the carryback of certain contract losses, or certain tax overpayments.
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If the taxpayer is filing a carryback claim on Form 1045, Application for Tentative Refund, or 1139, Corporation Application for Tentative Refund, these overpayments can be applied to a current year's estimated tax payments as well.
DA Form 1045, Army Ideas for Excellence Program (AIEP) Proposal, is used for any type of suggestion.
The first is by filing Form 1045, Application for Tentative Refund, within one year from the end of the year in which the NOL occurred.
Carryback Applications or Refund Claims: A taxpayer making this election, as described above, must attach a copy of the election statement to a claim for tentative carryback adjustment, Form 1045 (individuals and fiduciaries) or Form 1139 (corporations), or to an amended return--applying the applicable NOL to the carryback year.
The new procedure modifies the old one so that an eligible small-business owner may file a Form 1045, Form 1139 or an amended tax return that carries back the NOL for three, four, or five years.
With the help of this expert system, Service Center tax technicians will be able more efficiently to process tentative carryback cases received on Form 1045 (Application for Tentative Refund) and Form 1040X (Amended Individual Return).
For example, an individual taxpayer whose tax year ends on December 31 has until the following December 31 to file Form 1045.
Generally, businesses that are not corporations (including sole proprietorships filing Schedule C with their Form 1040) may accelerate a refund by using Form 1045, Application for Tentative Refund.
2009-26 (IRB 2009-19, May 11, 2009) provides that an ESB may elect a three-, four- or five-year carryback period by filing Form 1045.
She files a Form 1045, Application for Tentative Refund, to carry back a 2009 NOL that fully pays the unpaid 2008 tax.
Taxpayers with an NOL carryback refund claim may file Form 1045, Application for Tentative Refund, which generally is preferable to filing an amended return.
Form 1045 is an application for a quick refund, resulting from a tentative adjustment of tax in a carryback year.