Form 60-082 Schedule D Iowa Inheritance Tax - Insurance on Decedent's Life - Iowa

What Is Form 60-082 Schedule D?

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 60-082?
A: Form 60-082 is a schedule used for reporting Iowa inheritance tax on insurance on the decedent's life.

Q: What is Iowa inheritance tax?
A: Iowa inheritance tax is a tax imposed on the transfer of property after someone's death.

Q: What does Form 60-082 Schedule D cover?
A: Form 60-082 Schedule D specifically covers the reporting of Iowa inheritance tax on insurance on the decedent's life.

Q: What is the purpose of reporting insurance on the decedent's life?
A: Reporting insurance on the decedent's life helps determine if any inheritance tax is owed on the insurance proceeds.

Q: Who needs to use Form 60-082 Schedule D?
A: Individuals who are required to pay Iowa inheritance tax on insurance received due to the death of someone must use Form 60-082 Schedule D.

Q: Is the filing of Form 60-082 mandatory?
A: Yes, if you are subject to Iowa inheritance tax on insurance on the decedent's life, you must file Form 60-082 Schedule D.

Q: Are there any deadlines for filing Form 60-082?
A: Yes, the form must be filed within nine months after the decedent's death or within three months after the final determination or settlement of any litigation involving the insurance proceeds.

Q: Can Form 60-082 be filed electronically?
A: No, Form 60-082 cannot be filed electronically. It must be filed by mail.

Q: What happens if I don't file Form 60-082?
A: Failure to file Form 60-082 may result in penalties and interest being assessed by the Iowa Department of Revenue.