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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IA1120 (42-001)
for the current year.
Form IA1120 (42-001) Iowa Corporation Income Tax Return - Iowa
What Is Form IA1120 (42-001)?
This is a legal form that was released by the Iowa Department of Revenue - a government authority operating within Iowa. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form IA1120?
A: Form IA1120 is the Iowa Corporation Income Tax Return for Iowa.
Q: Who needs to file Form IA1120?
A: Corporations operating in Iowa need to file Form IA1120.
Q: What is the purpose of Form IA1120?
A: Form IA1120 is used to report and pay state income taxes on corporate earnings in Iowa.
Q: When is the deadline to file Form IA1120?
A: The deadline to file Form IA1120 is typically the same as the federal corporate tax deadline, which is March 15th.
Q: Are there any penalties for late filing or non-filing of Form IA1120?
A: Yes, there are penalties for late filing or non-filing of Form IA1120. It is important to file the return and pay any taxes owed on time to avoid penalties and interest.
Q: What supporting documents should be attached to Form IA1120?
A: You may be required to attach supporting schedules and forms to Form IA1120, such as Schedule B and Schedule IA1120.
Q: What is the tax rate for Iowa corporation income tax?
A: The tax rate for Iowa corporation income tax varies depending on the level of taxable income. The rates range from 6% to 12%.
Q: Can I e-file Form IA1120?
A: Yes, Iowa provides the option to e-file Form IA1120.
Q: Are there any credits or deductions available for Iowa corporation income tax?
A: Yes, Iowa offers various credits and deductions that corporations may be eligible for when calculating their income tax liability.
Form Details:
- Released on July 8, 2021;
- The latest edition provided by the Iowa Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IA1120 (42-001) by clicking the link below or browse more documents and templates provided by the Iowa Department of Revenue.
Download Form IA1120 (42-001) Iowa Corporation Income Tax Return - Iowa
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