Form 60-003 Schedule B Iowa Inheritance Tax - Stocks and Bonds - Iowa

What Is Form 60-003 Schedule B?

This is a legal form that was released by the Iowa Department of Revenue - a government authority operating within Iowa. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is form 60-003 Schedule B?A: Form 60-003 Schedule B is a form used to report stocks and bonds for Iowa Inheritance Tax purposes.

Q: What is Iowa Inheritance Tax?A: Iowa Inheritance Tax is a tax imposed on the transfer of property from a deceased person to their beneficiaries.

Q: Who is required to file Form 60-003 Schedule B?A: Anyone who is required to pay Iowa Inheritance Tax and has stocks and bonds to report must file Form 60-003 Schedule B.

Q: What information is required to be reported on Form 60-003 Schedule B?A: Form 60-003 Schedule B requires the reporting of detailed information about the stocks and bonds, such as the issuer, number of shares, and value.

Q: When is Form 60-003 Schedule B due?A: Form 60-003 Schedule B is generally due at the same time as the Iowa Inheritance Tax return, which is within nine months after the date of death.

Q: Is there a fee for filing Form 60-003 Schedule B?A: No, there is no fee for filing Form 60-003 Schedule B.

Q: Can Form 60-003 Schedule B be filed electronically?A: Yes, Form 60-003 Schedule B can be filed electronically through the Iowa Department of Revenue's eFile & Pay system.

Q: What are the consequences of not filing Form 60-003 Schedule B?A: Failure to file Form 60-003 Schedule B can result in penalties and interest being imposed by the Iowa Department of Revenue.

Q: Do I need to include supporting documentation with Form 60-003 Schedule B?A: Yes, you should include supporting documentation, such as statements or appraisals, to substantiate the reported values of the stocks and bonds.