Form Ia 1120 - Iowa Corporation Income Tax Return - Long Form

IA1120 Page 4 2001

Schedule IA4626 Computation of Minimum Tax

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 (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 E a r n i n g s Adjustment (see i n s t r u c t i o n s) ............................................................................................... 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 b y line 8) .......................................................................................................... 9 ___________________________

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

11 Add Lines 9 And 10 ................................................................................................................................................................... 11 ___________________________

12 Iowa Alternative Net Operating Loss - Tax Periods Beginning P r i o r To 1-1-87 (Schedule G) ........................................... 12 ___________________________

13 Iowa Alternative Net Operating Loss - Tax Periods Beginning After 12-31-86 (Schedule G) ............................................. 13 ___________________________

14 Iowa Alternative Income (Subtract Lines 12 And 13 Fr o m Line 11) ..................................................................................... 14 ___________________________

15 Exemption (see instructions) .................................................................................................................................................... 15 ___________________________

16 Iowa Alternative Income Subject To Tax (subtract line 15 from line 14) .............................................................................. 16 ___________________________

17 Iowa Alternative Tax (multiply line 16 by 7.2%) ...................................................................................................................... 17 ___________________________

18 Iowa Regular Tax (from line 17, page 1) ................................................................................................................................. 18 ___________________________

19 IOWA MINIMUM TAX (subtract line 18 from line 17 but not b e l o w zero) (enter on line 18, page 1) ................................ 19 ___________________________

Schedule IA8827 Computation of Minimum Tax Credit

Period Ended ____ / ___ / ___

Enter Whole Dollars

1 Enter Credit Carryforward From Tax Periods Beginning After 1-1-87 (see w o r k s h e e t below) .......................................... 1 ___________________________

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

3 Enter Your Current Period Minimum Tax (from line 17 a b ov e) .............................................................................................. 3 ___________________________

4 Subtract Line 3 From Line 2 But Not Below Zero ................................................................................................................... 4 ___________________________

5 Minimum Tax Credit (enter the smaller of line 1 or line 4)

(Enter on Schedule C1, line 4, page 2) ................................................................................................................................ 5 ___________________________

6 Balance To Carryforward To Next Tax Period (subtract line 5 from line 1) ............................................................................ 6 ___________________________

7 Iowa Minimum Tax From Line 19 above ................................................................................................................................... 7 ___________________________

8 Total Minimum Tax Credit Carryforward To Next Tax Period (add line 6 and line 7) ............................................................. 8 ___________________________

Worksheet - Alternative Minimum Tax Credit Carryforward

Tax Period Ended

Iowa Minimum Tax Paid

Period Applied

Minimum Tax Credit Applied

Unused Minimum Tax Credit

Corporate Name: __________________________________________ T.I.N. ______________________________________

42-001d (08/27/01)