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Iowa Department of Revenue
2013 IA 1120
Iowa Corporation Income Tax Return
STEP 1
From____/____/____to____/____/____
Postmark
Check the box if:
Name/Address Change
Short Period
Corporation Name and Address
FEIN:
Business Code:
County No.:
Is this a first or final return? If yes, check the appropriate box.
First Return
New Business
Successor
Entering Iowa
Final Return
Reorganized
Merged
Dissolved
Name of contact person: _____________________________
Phone No.: (_____) _______ - ___________
Withdrawn
Bankruptcy
Other__________
STEP 2 Filing Status
Filing Status:
1
2
3
Separate Iowa/Separate Federal
Separate Iowa/Consolidated Federal
Consolidated Iowa/Consolidated Federal
Type of Return:
1 Regular Corporation
2 Cooperative
3 UBIT
Is this an inactive corporation? ................................................
Yes
No
Was federal income or tax changed for any prior period(s)?..
Yes
No Period(s)_____________________________
Do you have property in Iowa? ................................................
Yes
No
USE WHOLE DOLLARS
STEP 3
1. Net Income From Federal Return before Federal Net Operating Loss. ............................................................................ 1 ___________________
Net Income
2. 50% of Federal Tax Refund. ...............
Accrual
Cash
........................................................................................ 2 ___________________
& Additions
3. Other Additions from Schedule A. ....................................................................................................................................... 3 ___________________
to Income
4. Net Income After Additions. Add lines 1 through 3. ............................................................................................................ 4 ___________________
STEP 4
5. 50% of Federal Tax Paid or Accrued. .....
Accrual
Cash ............................... 5 ___________________
Reductions
6. Other Reductions from Schedule A. ................................................................................ 6 ___________________
to Income
7. Total Reductions. Add lines 5 and 6. .................................................................................................................................. 7 ___________________
8. Net Income After Reductions. Su bt r ac t line 7 from line 4. ................................................................................................ 8 ___________________
STEP 5
9. Nonbusiness Income from Schedule D, line 17. ................................................................................................................. 9 ___________________
Taxable
10. Income Subject To Apportionment. Subtract line 9 from line 8. ......................................................................................... 10 __________________
Income
11. Iowa Percentage from Schedule E. (See instructions). ...................................................................................................... 11 ________________ %
12. Income Apportioned to Iowa. Multiply line 10 by line 11. ................................................................................................... 12 __________________
13. Iowa Nonbusiness Income from Schedule D, line 8. .......................................................................................................... 13 __________________
14. Income Before Net Operating Loss. Add lines 12 and 13. ................................................................................................. 14 __________________
15. Net Operating Loss Carryforward from Schedule F. ........................................................................................................... 15 __________________
16. Income Subject to Tax. Subtract line 15 from line 14. Do NOT enter an amount below $0. .............................................. 16 __________________
STEP 6
17. Computed Tax (For tax rates, see bottom of page 3.) Check box if tax is annualized.
................................................ 17 __________________
Tax,
18. Alternative Minimum Tax from page 4, Schedule IA 4626. Check if claiming small business exemption.
.................. 18 __________________
Credits,
19. Total Tax. Add lines 17 and 18. .......................................................................................................................................... 19 __________________
and
20. Credits from Schedule C1, line 4. Do not include estimated tax credit. ......................... 20 __________________
Payments
21. Payments from Schedule C2, line 4. ............................................................................... 21 __________________
22. Total Credits and Payments. Add lines 20 and 21. ............................................................................................................ 22 __________________
23. Net Amount. Subtract line 22 from line 19. ......................................................................................................................... 23 __________________
STEP 7
24. Tax Due if line 23 is greater than $0. .................................................................................................................................. 24 __________________
Balance
25. Penalty (Underpayment of Estimated Tax) Attach IA 2220. ................................................................................................ 25 __________________
Due
26. Penalty (Failure to Pay or Failure to File). .......................................................................................................................... 26 __________________
27. Interest. ................................................................................................................................................................................ 27 __________________
28. Total Amount Due. Add lines 24 through 27. Make check payable to “Treasurer, State of Iowa” .............................. 28 __________________
STEP 8
29. Overpayment if line 23 is less than $0. ............................................................................................................................... 29 __________________
Over-
30. Credit to Next Period’s Estimated Tax. ............................................................................................................................... 30 __________________
payment
31. Refund Requested. Subtract line 30 from line 29. ........................................................................................................... 31 __________________
A complete copy of your federal return, as filed with the Internal Revenue Service, MUST be filed with this return.
For filing status 2 or 3, you must attach pages 1-5 of your consolidated federal return, consolidating income statements,
Iowa Schedule H, and any other forms related to the Iowa return.
42-001a
(09/11/13)