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 Federal Net Operating Loss).......................................................................1___________________________ V
2. 50% of Federal Tax Refund .....................AccrualCash.......................................................................................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......AccrualCash .............5______________________________V
6. Other Reductions (Schedule A)...................................................................6______________________________V
7. Total Reductions (add lines 5 and 6).......................................................................................................................................7___________________________
8. Income Before Net Operating Loss (subtract line 7 from 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-CalfDO NOT use this amount to increase your overpayment, line 24, or to reduce the amount you owe, line 23.
RefundCow-Calf Refund (attach IA 132) ........................................................................................................_________________________ V
Information from Prior Period Iowa Return: Corporation Name___________________________________________________________________________
Net Income/(Loss) $________________________________VFederal 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._______________________VDate______________
Preparer’s Telephone No.__________________________
Type of Return:V1 Regular Corporation2 Cooperative3 UBIT
Is this an inactive corporation?.................................................VYesNo
Was federal income or tax changed for any prior period(s)?...
VYesNoPeriod(s)_____________________________
Do you have property in Iowa?................................................
VYesNo
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 PeriodV
Corporation Name and AddressV
Federal T.I.N.:VBusiness Code:V
County No.:V
Is this a first or final return? If yes, check the appropriate box.
First Return
VNew BusinessSuccessorEntering Iowa
Final Return
VReorganizedMergedDissolved
WithdrawnBankruptcyOther__________
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 22008
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: //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 ReductionsEnter Whole Dollars
Type of IncomeOther AdditionsOther Reductions
1Tax Exempt Interest and Dividends (see instructions)
2Iowa Tax Expense/Refund
3Federal Securities Interest and Dividends (see instructions)
4Other (please specify)
5Depreciation / Adjustment (IA 4562A)
6Totals (enter on page 1)(Enter on line 3)(Enter on line 6)
Schedule C2 - Payments
1st2nd3rd4th
1Estimated 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 EndedIowa Loss IncurredLoss AppliedUnused Loss
1
2
3
4
5
