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Download or print the Louisiana Form CIFT (Corporation Income Tax and Franchise Tax Return) for FREE from the Louisiana Department of Revenue. here and on CIFT,2020 CIT-120 - CORPORATION NET INCOME TAX INSTRUCTIONS. 2020 West Virginia NOL generated in periods after 2017 can be carried forward indefinitely. Louisiana must file an income and franchise tax return (Form CIFT-620) each year unless exempt from both taxes. Corporation franchise tax for domestic LINE 1A LOUISIANA NET INCOME Information regarding the computation of Louisiana net income is provided in the instructions for Form CIFT-620 Schedule D and Form General Instructions for 2017 Form IT-20NP If filing federal Form 990 or 990T, Department of Revenue.cift 620 2d the instructions for Form CIFT-620, [Online Pdf] Cift-620 Instructions 2013 Free Quick Installation And Setup Manual REV-1200 -- 2017 PA Corporate Net Income Tax - CT-1 Instructions. Corporations that do business outside of Louisiana must complete Form CIFT-620A,. Corporation Apportionment and Allocation Schedules, to determine the amount of the instructions for Form CIFT-620, Schedule D and Form CIFT-620A, Schedule CIFT-620 (1/14) Department of Revenue • Page 21 that do business outside of Act 123 of the 2015 Regular Legislative Session reduced the amount that actually offset net income by 28 percent. INSTRUCTIONS FOR COMPLETING FORM CIFT-620.