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Form IA 1120X Fillable Amended Corporation Return 42-024 (cannot be used to carryback net operating losses)
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)
Protective Claim in the box Reason For Amendment Schedule of Changes on page 2 must be completed and copies $100 000 to $250 000: 10% minus $2 500 $25 000 to $100 000: 8% minus $500 (: 2) Checked (: accrual) Unchecked (: cash) Checked (: ln1) Unchecked (: ln2) Unchecked (: ln3) Unchecked (: ln4) Unchecked (11a) and (11b): These lines must always be completed If (12) Percentage: Divide line 11a by line 11b and enter the result (15) Income Before Net Operating Loss: If the corporation s (18) Computed Tax: Multiply line 17 by the following if it is: (19) Alternative Minimum Tax: Attach a copy of the (21) Credits: Enclose IA 148 Tax Credits Schedule (22) Payments: Include tax amount only; for example estimates (26a) IA 2220 Penalty: Enter only if different from amount on (26b) Failure to Timely File a Return: A penalty of 10% will (27) Interest: Interest accrues on any unpaid tax from the original (30) Credit to Next Period s Estimated Tax: Can only be (a) As last reported (b) Net Change (c) Corrected amount (Change must be requested by the last day of the subsequent tax period ) (checkbox) Checked (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) 10 Income Subject to Apportionment Subtract line 9 from line 8 11a Iowa Receipts 11b Receipts Everywhere 12 Percentage Divide line 11a by line 11b 13 Income Apportioned to Iowa Multiply line 10 by line 12 14 Iowa Nonbusiness Income 15 Income Before Net Operating Loss Add lines 13 and 14 16 Net Operating Loss 17 Income Subject to Tax Subtract line 16 from line 15 18 Computed Tax 19 Minimum Tax Attach IA 4626 2 50% Federal Tax Refund 20 Total Tax Add lines 18 and 19 21 Credits (only credits does not include estimates from last period) 22 Payments See instructions 23a Total Credits and Payments: Add lines 21 and 22 23b Tax Amounts Previously Refunded and/or Credited to Next Period 24 Net Amount Subtract line 23a from line 20 and add line 23b 25 If line 24 is greater than $0 00 enter Tax Due on line 25 26a IA 2220 Penalty See instructions 26b Late Penalty 27 Interest 28 TOTAL AMOUNT DUE Add lines 25 through 27 29 If line 24 is less than $0 00 enter Overpayment on line 29 3 Other Additions to Income from IA 1120 30 Credit Carryforward to Next Period s Estimated Tax 4 Total Additions Add lines 1 through 3 42 024b (07/18/13) 5 50% Federal Tax Accrued or Paid 7 Total Reductions Add lines 5 and 6 8 Net Income Subtract line 7 from line 4 9 Nonbusiness Income a change and give the reason for each change Attach applicable A penalty of 5% will be added to tax due if the return is filed by Accrual basis All amounts should be in whole dollars applicable only the 10% penalty will be charged Penalties can audit is in progress and an amended return is filed within 60 days be added to the tax due for failure to timely file a return if the be attached business is entirely within Iowa enter the amount of line 8 business ratio is 100% skip lines 9 10 13 and 14 carried to six places Cash basis changed after the due date if the change is requested by the last changes and column (c) represents the results of adding or Check this box if Name Address or FEIN has changed Computation of Changes Computation of Changes: Use Whole Dollars Contact Person: Copies of all federal documents must be attached Corporation Name and Address corporation s original IA 4626 revised IA 4626 and the federal Corporation Tax Return Processing date if the original return was filed under extension or within one day of the subsequent tax year Des Moines IA 50306 0468 different from present name or FEIN Do NOT attach multiple years together Do NOT use for loss carrybacks due being paid by the due date However if an amended return is due date of the return If due on the original return the penalty due date of the return Interest will be computed by the Department E mail: idr@iowa gov Enter the line reference from page 1 for which you are reporting Failure to Timely Pay the Tax Due or Federal 1120X Federal Audit Federal Net Income FEIN: filed prior to contact by the Department and tax and interest paid Filing an amended return may result in less than 90% of the tax Filing Status filing status and return type Filing Status/Type of Return: Enter the appropriate numbers for for any overpayment of tax form IA 1120 or 1120A unless the change was due only to Form IA 1120X is to be filed to make any changes to a previouslyfiled From / / to / / General Instructions IA 1120X Amended Corporation Instructions If the form is filed requesting a refund it must be filed within If the refund claim is a result of a federal audit and the above If the refund claim is a result of a protective claim check In order to expedite processing this form please enclose a copy of page 1 of Iowa Amended Corporation Income Tax Return Iowa Department of Revenue Item Description Amount least 90% of the correct amount of tax is not paid by the original Make checks payable to TREASURER STATE OF IOWA Name and FEIN Used on Original Return: Check the box if no penalty will be assessed Also no penalty will be assessed if of any federal forms supporting the changes must be attached of final disposition of the federal audit of the federal audit including the final determination date must OFFICE USE ONLY Officer s Signature: Title: Date: only be waived under limited circumstances only) or 515 281 3114 (Des Moines out of state) original return Other Other Reductions to Income from IA 1120 Otherwise add lines 13 and 14 and enter the sum Over $250 000: 12% minus $7 500 Penalty for Audit Deficiency Phone No : PO Box 10468 Postmark Preparer s ID Number: Enter the preparer s FEIN or Preparer s Signature: Preparer s ID No : Date: previously reported or as last computed column (b) represents Protective Claim Questions?: 1 800 367 3388 (Iowa Omaha Rock Island Moline Reason for Amendment: REFUND REQUESTED on Amended Return Subtract line 30 from line 29 return is filed after the original due date of the return and if at Schedule of Changes to Income Deductions and Credits schedules Specific Instructions statute has expired it must be filed within six months of the date subtracting column (b) from column (a) tax due is not paid by the original due date of the return tax paid with return tax paid on billing (exclude penalty and interest) the audit was finalized by the Internal Revenue Service A copy the carryback of a capital loss that uses form IA 1139 CAP the company s Iowa return as filed and any federal forms detailing the changes 42 024a (08/27/13) the original due date and at least 90% of the correct amount of three years of the due date of the original return or extended due true correct and complete If prepared by a person other than the taxpayer the declaration is based on all information of which there is any knowledge Type of Return Under $25 000: 6% Under penalties of perjury I declare that I have examined this return and attached schedules/statements and to the best of my knowledge believe it to be Unless specified below column (a) represents amounts as When the failure to file penalty and the failure to pay penalty are Where to File: will be applied to the recomputed tax written notification is provided to the Department while a federal www iowa gov/tax IA 1120X year of payment