Instructions For Form Ia 1120a - Iowa Corporation Income Tax Return - Short Form - 2011 Page 2
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3IA 1120A Short Form
Instructions for Page One
(References to line numbers are in parentheses)
Numbered Line Item Instructions
All corporations filing a return with the Department must
complete all lines on the front page for the return to be
(1) Net Income: Enter the amount of federal taxable
accepted. “See schedule attached” is not acceptable; the
income computed after federal dividend deduction and
return will be considered incomplete and may be returned
before federal net operating loss deduction.
to you.
(2) Federal Refund: Enter 50% of any federal refunds
received in or accrued to this tax period. Please check
Name/Address
the appropriate box to indicate the basis of this refund
If name or address is different from your prior period
computation. See (5) for additional instructions.
return, please check the name/address change box at the top
(3) Other Additions: Enter the total from line 6 of
of page 1. Include name of contact person and phone
Schedule A on line 3 of the 1120A.
number.
(4) Net Income after Additions: Add lines 1, 2, and 3 and
enter the total.
Short Period
(5) Federal Tax Paid or Accrued: Enter the deduction for
If your current filing is for less than 12 months, please
50% of federal income taxes paid or accrued. The
check the short period box at the top of page 1.
deduction should be computed using one of the
Federal Employer Identification Number (FEIN)
following methods.
This is the corporation’s Federal Employer Identification
Accrual Basis taxpayers should determine the total
Number.
tax shown on page 1 of federal form 1120 and
multiply by 50%. (Total tax, page 1 x 50% =
Business Code
federal tax deduction.)
Enter the business code from the list provided by the IRS
Cash Basis taxpayers should compute the sum of
for the specific industry group corresponding to the
federal taxes paid in the tax year and motor fuel tax
corporation’s primary business activity.
credits applied against the tax liability in the tax
year. Multiply the result by 50%.
County Number
Enter the number of the Iowa county that is the
(6) Other Reductions: Enter the total from line 6 of Iowa
corporation’s commercial domicile or principal place of
Schedule A, page 2.
business. Enter 00 if the commercial domicile or principal
(7) Total Reductions: Add lines 5 and 6 and enter the
place of business is not located in Iowa.
total.
(8) Income After Reductions and Before Net Operating
First/Final Return
Loss: Subtract line 7 from line 4 and enter the
If this is a first or final return, please check the box on page
difference.
1 that best describes the reason.
(9) Net Operating Loss: Enter the amount from Iowa
Schedule F on page 2. If additional space is needed,
Type of Return
use an additional Schedule F.
Mark the appropriate box on page 1 for return type.
(10) Income Subject to Tax: Subtract line 9 from line 8
Inactive Return
and enter the difference but not below zero.
Mark the appropriate box if the corporation has no business
(11) Tax: Enter the amount of tax computed from the tax
operations in any state.
rate schedule. If the corporation has annualized for
federal income tax purposes, the corporation must
Federal Changes
annualize for Iowa income tax purposes. If tax is
Mark the appropriate box. If yes, provide the tax periods
annualized, check the box and attach a schedule of the
changed. If a federal audit is involved, supply a copy of
method used to compute the tax.
audit under separate cover.
(12) Motor Fuel Credit: Enter the amount from line 7 of
the IA 4136. Attach IA 4136.
Property in Iowa
(13) Nonrefundable Credits: Enter the amount from Part
Mark the appropriate box on page 1. Property is defined as
I Total of the IA 148. Attach the IA 148 Tax Credits
any tangible or real property owned or leased with its
Schedule.
primary location in Iowa.
(14) Refundable Credits: Enter the amount from Part II
Total of the IA 148. Attach the IA 148 Tax Credits
Schedule.
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42-031b (06/03/09)
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