Instructions For Form Ia 1065 - Partnership Return Of Income

numbers. Partners must complete the IA 148 to

trust, or corporate income tax due dates and

claim credits, reporting the partnership in Part

filing requirements. These instructions are

IV as the pass-through entity.

available

the

Department

website

( ).

Time and Place for Filing

The Iowa partnership return must be filed on or

For Additional Information

before the last day of the fourth month following

Contact Taxpayer Services at 515-281-3114

the close of the partnership’s tax year. For

or 800-367-3388 (Iowa, Omaha, Rock Island,

calendar year filers, the due date is April 30,

Moline) 8 a.m. - 4:15 p.m. CT or email

2015. There is an automatic 6-month extension

idr@iowa.gov.

of time to file after April 30, 2015. No extension

Federal Partnership Return

request form is required. Mail returns to Income

A copy of the federal partnership 1065 return

Tax Return Processing, Iowa Department of

and all other supporting schedules must be

Revenue, Hoover State Office Building, Des

included with this form. Do not include federal

Moines, Iowa 50319-0120. Partners with pass-

Schedule K-1.

through income need to review individual, LLC,

Form Instructions: 2014 IA 1065 Partnership Return of Income

Calendar year or fiscal year

 Enter a one- to two-word description of the

If the partnership operates on a fiscal-year basis,

partnership’s principal activity.

enter the beginning and ending dates here,



Enter the total number of partners and

otherwise leave blank. The Iowa partnership

include their corresponding IA Schedule K-

return must be made on the same period basis

1s. Attach one for each person who was a

as the partnership accounts are required to be

partner at any time during the tax year.

kept for federal tax purposes, even if partners

Part II - Partnership Information

report their incomes on a different year basis.

List the type of return being filed: Partnership,

Part I

LLC, or LLP.



Enter a contact person’s name and phone

Answer

the

three

questions

about

the

number. The contact person should be able

partnership’s activities. Note: If the answer is

to answer specific questions about the

“no” to all three questions, the partnership is not

partnership’s

operations

and

accounting

required to file an IA 1065, unless its commercial

practices.

domicile is in Iowa. If the answer is “yes” to any



If the partnership has an FEIN, it must be

question, or if its commercial domicile is in Iowa,

entered here. If the partnership has applied

the partnership must file an IA 1065, including

for but not yet received a number, enter

the IA Schedule K-1. If the commercial domicile

“applied for” and inform the Department of the

is in Iowa and the answer is “no” to all three

number once it is obtained. For information

questions, enter “zero” in column (b) of the IA

on obtaining an FEIN, contact the IRS at 1-

Schedule K-1 for each nonresident partner. If

800-829-4933.

the answer to any question was yes, a



Enter the county number of the main Iowa

percentage greater than zero must be entered in

location. Non-Iowa partnerships without an

column (b) of the IA Schedule K-1 for each

Iowa location should enter 00. A list of county

nonresident partner.

numbers can be found at the

Department

Part III - Modification of Partnership Income

website ( ).

Line 1: Federal taxable income- Net together



Enter the business code number provided by

items of income or loss on the federal Schedule

the Internal Revenue Service (IRS) for the

K and those deductions on the federal Schedule

specific industry group corresponding to the

K that do not qualify as itemized deductions.

partnership’s

primary

business

activity

Enter the net figure on this line.

available at the IRS website ( )

41-017b (08/06/14)

Instructions For Form Ia 1065 - Partnership Return Of Income - 2014 Page 2

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