This version of the form is not currently in use and is provided for reference only. Download this version of Form 54-023 for the current year.
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.
Q: What is the Form 54-023?
A: Form 54-023 is the Family Farm Tax Credit form for the state of Iowa.
Q: What is the Family Farm Tax Credit?
A: The Family Farm Tax Credit is a tax credit available to qualified individuals or entities who own or lease agricultural property in Iowa.
Q: Who is eligible for the Family Farm Tax Credit?
A: To be eligible for the Family Farm Tax Credit, you must meet certain criteria, including being an individual or entity engaged in farming and meeting certain income requirements.
Q: How can I apply for the Family Farm Tax Credit?
A: You can apply for the Family Farm Tax Credit by completing Form 54-023 and filing it with the Iowa Department of Revenue.
Q: What is the deadline for filing the Form 54-023?
A: The deadline for filing Form 54-023 is typically April 1st of the year following the tax year in which the credit is claimed.
Q: Are there any restrictions on the use of the Family Farm Tax Credit?
A: Yes, there are restrictions on the use of the Family Farm Tax Credit. The credit cannot exceed the individual or entity's Iowa income tax liability.
Form Details:
Download a fillable version of Form 54-023 by clicking the link below or browse more documents and templates provided by the Iowa Department of Revenue.