2012 Ia 1120f Instructions Page 3
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34562A.
IA 1120F SCHEDULE A INSTRUCTIONS
IA 1120F SCHEDULE D INSTRUCTIONS
Other Additions:
Other Reductions:
Include the cash to accrual adjustment for Iowa franchise
Include the cash to accrual adjustment for Iowa franchise
tax and for federal tax-exempt interest and dividends.
tax and for federal tax exempt interest and dividends.
Please provide the cash to accrual worksheets.
Please provide the cash to accrual worksheets.
Complete the Expense to Carry Investment Subsidiary
You may also deduct the interest expense to purchase or
Worksheet below and include a copy with your Iowa
carry obligations, the interest from which is exempt from
1120F.
federal income tax. The interest expense is disallowed
under sections 265(b) or 291(e)(1)(B) of the Internal
Revenue Code.
IA 1120F EXPENSE TO CARRY INVESTMENT
SUBSIDIARY WORKSHEET
Deduct any contributions previously not allowed as an
Iowa deduction which was not taken at the federal level.
Iowa Code section 422.61 disallows investment subsidiary
expense. The Iowa addition is applicable to all banks with
Enter any net capital loss not allowed as an Iowa
investments in an investment subsidiary. See Rule 701-
deduction which was not taken at the federal level.
59.20 for further details.
1. TOTAL FEDERAL DEDUCTIONS
IA 1120F SCHEDULE C INSTRUCTIONS
from line 27, federal 1120 return
$ ______________
Payments:
2. INVESTMENT ASSETS IN
List the exact amount of each payment and the date it was
INVESTMENT SUBSIDIARY
$ ______________
paid.
3. TOTAL BANK ASSETS
$ ______________
4. RATIO. Divide line 2 by line 3,
IA 148 Tax Credits Schedule
carried to one ten thousandth of 1% (
.
)
The Department has an additional form for credits. The IA
5. IOWA ADDITION. Multiply
148 Tax Credits Schedule is available on our Web site at
line 1 by line 4.
$ ______________
Enter this number on the IA 1120F Schedule A, line 3.
Attach a separate schedule of the Investment Assets in
Investment Subsidiary and Total Bank Assets.
Add any contributions deducted in excess of the federal
limitation on a separate company basis.
Enter any net capital loss included in the computation of
line 1 of the Iowa return on a separate company basis.
Include the Iowa depreciation adjustment from form IA
43-008c (08/07/12)
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