When reflecting the income and expenses of an enterprise in the tax return, sometimes situations arise when it is necessary to remove part of the expenses. This is due to the fact that unprofitable companies come under the close supervision of the tax office and may rely on on-site inspections that will not bring anything good. This leads to the formation of losses of previous years, which can also appear as a result of errors in the calculation of the tax base.
Instructions
Step 1
Refer a part of the company's expenses to account 97 "Deferred expenses", if at the end of the year there was an unprofitable activity. The costs that can be transferred in this way include the cost of purchasing software, rent payments, licensing, and so on. This leads to an increase in the company's profitability in the current year and the formation of losses of past years for the future. The taxpayer has the right to transfer these expenses for 10 years.
Step 2
Calculate the amount of taxable income that appears on line 210 of Section 2 of your tax return. The amount of taxable expense is noted in line 220 of the same section. Determine by subtracting the amount of the tax base in accordance with Article 274 of the Tax Code of the Russian Federation. If it is positive, that is, income is greater than expenses, then you can write off losses from previous years.
Step 3
Record the amount of the previous loss on line 230 of section 2 of your tax return. This value should not exceed 30% of the tax base amount. If at the end of the year the tax base again turned out to be negative, then in line 250 the loss of the current reporting year is noted. At the same time, there is no opportunity to cover losses of previous years. In this regard, on the basis of section 5 of the Procedure approved by order No. 58n of the Ministry of Finance of the Russian Federation dated June 22, 2009, their amount is not taken into account in the declaration.
Step 4
Be sure to keep all documents that confirm the amount of loss of previous years, during the entire period of its accounting when determining the tax base. Otherwise, controversial questions may arise on the legality of reducing tax on the amount of losses in previous years.
Step 5
Summarize lines 210, 220 and 230 of section 2 of the tax return and indicate the amount of profit obtained on line 240. Thus, you will post the losses of previous years in the current year and reduce the tax base.
