Form Ia 1120 - Iowa Corporation Income Tax Return - 2013 Page 4

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IA 1120 Page 4 2013

Schedule IA 4626 Computation of Alternative Minimum Tax (AMT)

Period Ended _____/_____/_____

All totals from federal form 4626 except as noted. Federal form 4626 must be attached.

Enter Whole Dollars.

1 Income Subject to Apportionment from line 10, page 1. ............................................................................................................ 1 ___________________________

2 Total Adjustments and Preferences. ........................................................................................................................................... 2 ___________________________

3 Preferences Not A p p l i c a b l e for Iowa

a Depletion. .................................................................................................... a _______________________________

b Tax Exempt Interest from Private Activity Bonds. ....................................... b _______________________________

4 Total Iowa Tax Preferences. Subtract lines 3a and b from line 2. ............................................................................................. 4 ___________________________

5 Enter Total of lines 1 and 4. ........................................................................................................................................................ 5 ___________________________

6 Adjusted Current Ea r n i n gs Adjustment. See i n s t r u c t i o ns. ................................................................................................... 6 ___________________________

7 Total of lines 5 and 6. ................................................................................................................................................................. 7 ___________________________

8 Iowa Percentage from line 11, page 1. ....................................................................................................................................... 8 ___________________________

9 Income Apportioned to Iowa. Multiply line 7 by line 8. .............................................................................................................. 9 ___________________________

10 Iowa Nonbusiness Income from line 13, page 1. ....................................................................................................................... 10 ___________________________

11 Add Lines 9 and 10. ................................................................................................................................................................... 11 ___________________________

12 Iowa Alternative Minimum Tax Net Operating Loss (limited to 90% of line 11) (Schedule G, total from column E). ............... 12 ___________________________

13 Iowa Alternative Minimum Taxable Income before Exemption. Subtract line 12 fr o m line 11. ................................................ 13 ___________________________

14 Exemption. See instructions. ...................................................................................................................................................... 14 ___________________________

15 Iowa Alternative Minimum Taxable Income Subject to Tax. Subtract line 14 from line 13. ...................................................... 15 ___________________________

16 Iowa Tentative Minimum Tax. Multiply line 15 by 7.2%. ............................................................................................................ 16 ___________________________

17 Iowa Regular Tax from line 17, page 1. ..................................................................................................................................... 17 ___________________________

18 IOWA ALTERNATIVE MINIMUM TAX: Subtract line 17 from line 16 but not b e l ow zero. Enter on line 18, page 1. .............. 18 ___________________________

Schedule IA 8827 Computation of Alternative Minimum Tax (AMT) Credit

Period Ended ____ / ___ / ___

Enter Whole Dollars.

1 Enter Credit Carryforward. See worksheet below. Enter on IA 148 Tax Credits Schedule, column C. .................................... 1 ___________________________

2 Enter Your Current Period Regular Tax Liability Minus Credits. ............................................................................................... 2 ___________________________

3 Enter Your Current Period Tentative Minimum Tax from Line 16 of IA 4626 above. ................................................................ 3 ___________________________

4 Subtract Line 3 from Line 2 but Not Below Zero. ....................................................................................................................... 4 ___________________________

5 Alternative Minimum Tax Credit. Enter the smaller of line 1 or line 4.

Enter on IA 148 Tax Credits Schedule, column F. ................................................................................................................. 5 ___________________________

6 Balance to Carryforward to Next Tax Period. Subtract line 5 from line 1.

Enter on IA 148 Tax Credits Schedule, column H. ..........................................................................................................................

7 Iowa Alternative Minimum Tax from Line 18 Above. .................................................................................................................. 7 ___________________________

8 Total Alternative Minimum Tax Credit Carryforward to Next Tax Period. Add line 6 and line 7. .............................................. 8 ___________________________

Worksheet - Alternative Minimum Tax (AMT) Credit Carryforward

Tax Period Ended

Alternative Minimum Tax Paid

Period Applied To

Prior

Unused

Alternative Minimum Tax Credit Applied

Alternative Minimum Tax Credit

Balance of the Unused Alternative Minimum Tax Credit Carryforward. Enter on IA 8827, line 1.

Corporation Name: ____________________________________________________________ FEIN: _________________

42-001d (09/11/13)