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Screen IAGen - Iowa Corporate Income Tax Return (1120)

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General Information

Business code, if different from federal Screen 1120
Enter the business code or select a code from the drop-down list. If this field is blank, the application defaults to the business code entered in federal Screen 1120.
Reason for first return
Enter the reason for the first return, or select one from the drop-down list. If the federal return is marked as an initial return, the Iowa reason for first return will default to New Business.
Reason for final return
Enter the reason for the final return, or select one from the drop-down list. If the federal return is marked as final, the Iowa reason for final return will default to dissolved. If the state return is marked final, then estimate vouchers are not prepared for next year.
note
Returns marked as final in the previous year do not proforma to the current year. If the federal return is marked as final, the client does not appear in the list of clients that are available to proforma.
Inactive corporatio
Enter
X
 if the corporation is inactive. The application automatically marks
No
 for the question, Is this an inactive corporation? on Form IA 1120 or IA 1120S if this field is blank.
Periods federal income or tax change
Enter the period(s) federal income or tax changed. If there is an entry in this field, the application marks
Yes
 for the question, Was Federal income or tax changed for any prior period(s)? on Form IA 1120 or IA 1120S; otherwise,
No
 is marked.
All property is outside Iowa (C Corp
Enter
X
 if the corporation has all of its property outside Iowa. The application automatically marks
Yes
 for the question, Do you have property in Iowa? on Form IA 1120 or IA 1120S if this field is blank.
Information from prior return, if different
Enter the corporation’s name and FEIN if the information is different from the current name and FEIN.

Additional Information (C Corp)

Year started in Iowa, if different from year of incorporation
Enter the year the corporation started business in Iowa. If this field is blank, the application defaults to the year of incorporation.
Last period filed as S corporation
Enter the last tax period the corporation filed as an S Corporation (if any).

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