Fillable Printable Iowa Corporation Short Form Income Tax Return
Fillable Printable Iowa Corporation Short Form Income Tax Return
Iowa Corporation Short Form Income Tax Return
USE WHOLE DOLLARS
1. Net Income From Federal Return (before Fede ral Net Op erating Loss) ....................................................................... 1 ___________________________ V
2. 50% of Federal Tax Refund ..................... Accrual Cash ....................................................................................... 2 ___________________________ V
3. Other Additions (Schedule A) ................................................................................................................................................... 3 ___________________________ V
4. Net Income after additions (add lines 1 through 3) ............................................................................................................... 4 ___________________________
5. 50% of Federal Tax Paid or Accrued ...... Accrual Cash ............. 5 ______________________________ V
6. Other Reductions (Schedule A) ................................................................... 6 ______________________________ V
7. Total Reductions (add lines 5 and 6) ....................................................................................................................................... 7 ___________________________
8. Income Before Net Operating Loss (subt ra ct l i ne 7 fr om line 4) ..................................................................................... 8 ___________________________
9. Net Operating Loss Carryforward (Schedule F) ...................................................................................................................... 9 ___________________________ V
10. Income Subject To Tax (subtract line 9 from line 8) Do NOT enter an amount below $0 .................................................. 10 ___________________________
11. Computed Tax (for Tax Rates, see bottom of page 2) Check box if tax is annualized .............................................. 11 ___________________________ V
12. Motor Fuel Credit (attach IA 4136) .............................................................. 12 ______________________________ V
13. Nonrefundable Credits (attach IA 148 Tax Credits Schedule) .................. 13 ______________________________ V
14. Refundable Credits (attach IA 148 Tax Credits Schedule) ........................ 14 ______________________________ V
15. Total Credits (add lines 12, 13 and 14) ....................................................... 15 ______________________________ V
16. Payments (Schedule C2, line 5, includes estimated tax credit) ................ 16 ______________________________ V
17. Total Credits and Payments (add lines 15 and 16) .................................... 17 ______________________________
18. Net Amount (subtract line 17 from line 11) .............................................................................................................................. 18 ___________________________
19. Tax Due (if line 18 is greater than $0) ..................................................................................................................................... 19 ___________________________
20. Penalty (Underpayment of Estimated Tax - attach IA 2220) .................................................................................................. 20 ___________________________ V
21. Penalty (Failure to Pay or Failure to File) ................................................................................................................................ 21 ___________________________ V
22. Interest ....................................................................................................................................................................................... 22 ___________________________ V
23. Total Amount Due (add lines 19 through 22) Make check payable to: “TREASURER, STATE OF IOWA” ................ 23 ___________________________ V
24. Overpayment (if line 18 is less than $0) .................................................................................................................................. 24 ___________________________
25. Credit to next period’s Estimated Tax ...................................................................................................................................... 25 ___________________________ V
26. Refund Requested (subtract line 25 from 24) ........................................................................................................................ 26 ___________________________ V
Cow-Calf DO NOT use this amount to increase your overpayment, line 24, or to reduce the amount you owe, line 23.
Refund Cow-Calf Refund (attach IA 132) ........................................................................................................ _________________________ V
Information from Prior Period Iowa Return: Corporation Name ___________________________________________________________________________
Net Income/(Loss) $ ________________________________ V Federal T.I.N.: ___________________________________________________ V
A complete copy of your federal return, as filed with the Internal Revenue Service, MUST be filed with this return.
Under penalties of perjury, I declare that I have examined this return, any attached schedules/statements, and, to the best of my
knowledge, believe it to be true, correct and complete. If prepared by a person other than the taxpayer, the declaration is based on all
information of which there is any knowledge.
Officer’s Signature ________________________________ Title _________________________________ Date ______________ V
Preparer’s Signature ______________________________ Preparer’s ID No. _______________________ V Date ______________
Preparer’s Telephone No. __________________________
Type of Return: V 1 Regular Corporation 2 Cooperative 3 UBIT
Is this an inactive corporation? ................................................. V Yes No
Was federal income or tax changed for any prior period(s)? ...
V Yes No Period(s)_____________________________
Do you have property in Iowa? ................................................
V Yes No
V
2008 IA 1120A
Iowa Corporation Income Tax Return - Short Form
OFFICE USE ONLY
From____/____/____to____/____/____ V
Check the box if this is (1) Name/Address Change
(2) A Short Period V
Corporation Name and Address V
Federal T.I.N.: V Business Code: V
County No.: V
Is this a first or final return? If yes, check the appropriate box.
First Return
V New Business Successor Entering Iowa
Final Return
V Reorganized Merged Dissolved
Withdrawn Bankruptcy Other__________
Name of contact person: _____________________________
Phone No.: (_____) _______ - ___________
Postmark V
STAPLE CHECK HERE
42-030a (8/20/08)
www.state.ia.us/tax
Iowa Department of Revenue
Reset Form
Print Form
IA 1120A Page 2 2008
Additional Information
(1) Year business was started in Iowa __________ (2) Last period filed as S corporation (if any) __________
Please note IA 1120 Schedules B, C1, D, and E do not apply to the IA 1120A.
To obtain schedules and forms:
Web site: www.state.ia.us/tax
Tax Fax: 1-800-572-3943
Order by Phone: 1-800-532-1531 (Iowa only) or 515/281-7239
To talk to a tax specialist:
1-800-367-3388 (Iowa, Omaha, Rock Island/Moline)
515/281-3114 (Des Moines, out-of-state)
E-mail: [email protected]
Research Iowa tax law: http://itrl.state.ia.us
MAIL YOUR RETURN TO:
Corporation Tax Return Processing
Iowa Department of Revenue
PO Box 10468
Des Moines IA 50306-0468
(1) It does not have any ownership in a foreign
corporation.
(2) It is not a member of a controlled group of
corporations.
(3) It is not a personal holding company.
(4) It is not a consolidated corporate return filer.
(5) Its only dividend income is from domestic
corporations, and those dividends qualify for the 70%
Form IA 1120A may be filed if a corporation is filing as an inactive corporation in Iowa or
it meets ALL the following requirements:
deduction, none of which represents debt-financed
securities.
(6) It does not apportion income within and without
Iowa.
(7) It is not required to pay minimum tax.
(8) It does not have a deduction for nonbusiness income.
(9) It does not have any partnership income.
TAX RATES:
If income shown on line 10 (of page 1) is:
Under $25,000 .............. then multiply line 10 by 6%
$25,000 to $100,000..... then multiply line 10 by 8% and
subtract $500
$100,000 to $250,000... then multiply line 10 by 10% and
subtract $2,500
Over $250,000 .............. then multiply line 10 by 12% and
subtract $7,500
If annualizing, attach a schedule showing computation.
42-030b (8/11/08)
Schedule A - Other Additions and Reductions Enter Whole Dollars
Type of Income Other Additions Other Reductions
1 Tax Exempt Interest and Dividends (see instructions)
2 Iowa Tax Expense/Refund
3 Federal Securities Interest and Dividends (see instructions)
4 Other (please specify)
5 Depreciation / Adjustment (IA 4562A)
6 Totals (enter on page 1) (Enter on line 3) (Enter on line 6)
Schedule C2 - Payments
1st 2nd 3rd 4th
1 Estimated Tax Payments
2 Total 1st through 4th
3 Credit from Prior Period
4 Voucher Payment
5 TOTAL (add lines 2, 3 and 4) (Enter on line 16 of page 1)
Schedule F - Net Operating Loss (Contribution Conversion Adjustments, if applicable, should be listed separately.)
Tax Period Ended Iowa Loss Incurred Loss Applied Unused Loss
1
2
3
4
5
