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Instructions for Form IA1120, 42-001
for the current year.
Instructions for Form IA1120, 42-001 Iowa Corporation Income Tax Return - Iowa
This document contains official instructions for Form IA1120 , and Form 42-001 . Both forms are released and collected by the Iowa Department of Revenue. An up-to-date fillable Form IA1120 (42-001) is available for download through this link.
FAQ
Q: What is Form IA1120?
A: Form IA1120 is the Iowa Corporation Income Tax Return form for Iowa corporations.
Q: Who needs to file Form IA1120?
A: All Iowa corporations, including those that are incorporated in Iowa or doing business in Iowa, need to file Form IA1120.
Q: What is the purpose of Form IA1120?
A: Form IA1120 is used to report the income, deductions, and credits of Iowa corporations for the purpose of calculating the corporation income tax.
Q: When is the deadline to file Form IA1120?
A: Form IA1120 must be filed by the 30th day of the fourth month following the close of the corporation's tax year.
Q: Are there any extensions available for filing Form IA1120?
A: Yes, extensions of time to file Form IA1120 can be requested, but any tax owed must be paid by the original due date.
Q: What are the penalties for late filing of Form IA1120?
A: Late filing of Form IA1120 may result in penalties and interest charges. The penalties vary based on the amount of tax owed and the length of the delay.
Q: What supporting documents should be attached to Form IA1120?
A: Various supporting documents, such as federal income tax return, schedules, and forms, may need to be attached depending on the specific circumstances of the corporation.
Instruction Details:
- This 7-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
- Complete, printable, and free.
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