Form Ia 1120s - Iowa Income Tax Return For S Corporations

OFFICE USE ONLY

2010 IA 1120S

Iowa Department of Revenue

Iowa Income Tax Return for S Corporations

For Calendar Year 2010 or other fiscal year

From____/____/____to____/____/____

Check all that apply:

(1) Name/Address Change

(2) Short Period

Amended Return

Part I: Corporation Name and Address

Name: _______________________________________

FEIN:

Business Code:

Street Address: ________________________________

County No.:

Number of Shareholders:

_____________________________________________

Is this a first or final return? If yes, check the appropriate box.

City State Zip Code: ____________________________

First Return

New Business

Successor

Entering Iowa

Name of contact person: _______________________________

Final Return

Reorganized

Merged

Dissolved

Phone No.: ( _____ ) _________ - ______________________

Withdrawn

Bankruptcy

Other__________

Part II: Corporation Information

Type of Return:

1. S Corporation

2. IC Domestic International Sales Corporation

3. Foreign Sales Corporation

Is this an inactive corporation? ................................................

Yes

Was federal income or tax changed for any prior period(s)? .

Yes

No Periods: __________________________________

Is the corporation’s business carried on entirely within Iowa?

Yes

Date of S corporation election: _____________

Part III: Modification of Corporation Income

USE WHOLE DOLLARS

1. Net income per federal Schedule K. See instructions. .................................................................................... 1. ________________

2. Interest and dividends exempt from federal income tax. See instructions. .............. 2. ________________

3. Other additions. Attach schedule. ............................................................................. 3. ________________

4. Total additions. Add lines 2 and 3. ....................................................................................................................... 4. ________________

5. 50% of federal income tax ......................................................................................... 5. ________________

6. Interest and dividends from f eder al securities. See instructions. ............................ 6. ________________

7. Other reductions. Attach schedule. ........................................................................... 7. ________________

8. Total reductions. Add lines 5, 6, and 7. ................................................................................................................ 8. ________________

9. Net modifications. Subtract line 8 from line 4. ...................................................................................................... 9. ________________

10. Modified federal net income. Add line 1 and line 9. ............................................................................................. 10. ________________

11. Tax on built-in gains or passive investment income. See instructions. .............................................................. 11. _______________

Make check payable to Treasurer-State of Iowa. If a refund of estimated payments is needed, see instructions.

Part IV: Business Activity Ratio (BAR) See instructions. Enter Whole Dollar Amounts.

Types of Income

Column A Iowa Receipts

Column B Receipts Everywhere

1. Gross Receipts ................................................. 1. ___________________________________________________________________

2. Net Dividends. See instructions. ...................... 2. ___________________________________________________________________

3. Exempt Interest ................................................. 3. ___________________________________________________________________

4. Accounts Receivable Interest ........................... 4. ___________________________________________________________________

5. Other Interest .................................................... 5. ___________________________________________________________________

6. Rent ................................................................... 6. ___________________________________________________________________

7. Royalties ........................................................... 7. ___________________________________________________________________

8. Capital Gains / Loss ......................................... 8. ___________________________________________________________________

9. Ordinary Gains / Loss ....................................... 9. ___________________________________________________________________

10. Partnership Gross Receipts. Attach schedule. 10. ___________________________________________________________________

11. Other. Must attach schedule. ........................... 11. ___________________________________________________________________

12. TOTALS ............................................................. 12. ___________________________________________________________________

13. BAR to six decimal places. Divide line 12, column A, by line 12, column B.

Part V. Information from Prior Period Iowa Return:

Corporation Name: ___________________________________

Net Income/(Loss): $ ______________

FEIN: ______________________

A complete copy of your federal return MUST be filed with this return, not including federal K-1s.

Under penalties of perjury, I declare that I have examined this return and 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: ______________________________________________________

Date: _______ Title: _______________________

Preparer’s Signature: ____________________________________________________

Date: _______

Preparer’s Address: ______________________________________________________ Preparer’s ID No.: ____________________________

Mail to: Corporate Tax Return Processing, Iowa Department of Revenue, P.O. Box 10468, Des Moines IA 50306-0468