Form Ia 1041v - Fiduciary Income Tax Payment Voucher - Iowa Fiduciary Income Tax
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1Iowa Department of Revenue
https://tax.iowa.gov
Iowa Fiduciary Income Tax
Payment Voucher and Instructions
Note: Penalties can only be waived under limited circumstances, as described in Iowa Code section
421.27.
Failure to Timely File a Return: A penalty of 10% will be added to the tax due for failure to timely file
a return if the return is filed after the original due date of the return and if at least 90% of the correct
amount of tax is not paid by the original due date of the return.
Failure to Timely Pay the Tax Due or Penalty for Audit Deficiency: A penalty of 5% will be added
to the tax due if the return is filed by the original due date and at least 90% of the correct amount of tax
is not paid by the original due date of the return.
When the failure to file penalty and the failure to pay penalty are both applicable, only the failure to file
penalty will apply.
Penalty for Willful Failure to File: A penalty of 75% will be added to the tax due for willful failure to
file a return or for filing with intent to evade tax.
Estates and trusts are not required to file an application requesting additional time to file a fiduciary
income tax return. Instead, taxpayers who have paid 90% or more of the correct amount of tax on or before
the original due date of the return automatically have an additional six months in which to file the return and
pay any remaining tax due with no penalty. Interest is still owed on any remaining tax paid after the original
due date. Taxpayers who have not paid at least 90% of the correct amount of tax on or before the original
due date of the return are not allowed the additional six-month period of time to file, and owe both penalty
and interest on the remaining tax due after the original due date of the return.
Instructions for Payment Vouchers
1.
FEIN: Enter the Federal Employee Identification Number in the boxes provided below.
2.
Period Ending: Enter the date of the calendar or fiscal year end. Use MMDDYY format. MM: two-digit
month. DD: two-digit day. YY: last two digits of the tax year. The period ending for December 31, 2015,
would be entered as: 123115.
3.
Amount: Enter dollars and cents. The two boxes separated to the right on the amount line are for cents.
Do not enter any punctuation (example: $, .).
4.
Include payment with your voucher – do not use staples – complete using blue or black ink.
5.
Send this completed voucher with any remittance necessary to ensure that 90% or more of the correct
amount of tax is paid on or before the expiration of the original due date.
Mail your payment with this voucher to:
Iowa Department of Revenue
PO Box 10467
Des Moines IA 50306-0467
Iowa Department of Revenue
IA 1041V
Fiduciary Income Tax Payment Voucher
FEIN:
Estate or Trust Name:
Fiduciary Information:
Period Ending:
Name & Title:
Address:
Amount:
City, State ZIP:
Phone:
Iowa Department of Revenue; PO Box 10467; Des Moines, IA 50306-0467
Mail To:
Treasurer State of Iowa; When you pay by check, you authorize the
Make checks payable to:
Department of Revenue to convert your check to a one-time electronic banking transaction.
63-007 (06/18/15)
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