Iowa Partnership Return of Income Form
In the case of a partnership that is registered in the State of Iowa wanting to submit the return of income of a business to the IRS, the following form has to be completed and submitted.
DownloadExtracted Text for Proper Search
Mail To: Income Tax Return Processing, Iowa Department of Revenue, Hoover State Office Building, Des Moines IA 50319-012041-016a (08/17/12) 2012 IA 1065Iowa Partnership Return of Income OFFICE USE ONLY www.iowa.gov/tax Iowa Department of Revenue PART III - Modification of Partnership Income \ Use Whole Dollars 1. Federal partnership taxable income (loss) from federal Schedule K\ ..............................................1._______________________ 2. Interest from state and municipal bonds and securities ....................2.______________________ 3. Other additions. Attach Schedule .. ...................................................3.______________________ 4. Total additions. Add lines 2 and 3. ........................................................................\ .......................... 4._______________________ 5. Interest and dividends from federal securities ..................................5.______________________ 6. Other reductions. Attach Schedule. ...................................................6.______________________ 7. Total reductions. Add lines 5 and 6. ........................................................................\ ........................ 7._______________________ 8. Net modifications. Subtract line 7 from line 4. ........................................................................\ ......... 8._______________________ 9. Total all-source partnership income. Add lines 1 and 8. .................................................................9._______________________ PART V : Enter Iowa net income for three preceding years: 2009___________ 2010___________ 2011____________ Part IV: Business Activity Ratio (BAR) See instructions. Enter Whole Dollar Amounts. Types of Income Column A Iowa ReceiptsColumn B Receipts Everywhere 1. Gross Receipts .................................................... 1.____________________________________________________________ 2. Net Dividends. See instructions. .........................2.____________________________________________________________ 3. Exempt Interest .................................................... 3.____________________________________________________________ 4. Accounts Receivable Interest ..............................4.____________________________________________________________ 5. Other Interest ........................................................ 5.____________________________________________________________ 6. Rent ...................................................................... 6.____________________________________________________________ 7. Royalties .............................................................. 7.____________________________________________________________ 8. Capital Gains / Loss ............................................ 8.____________________________________________________________ 9. Ordinary Gains / Loss .......................................... 9.____________________________________________________________ 10. Partnership Gross Receipts. Attach schedule. ...10. ____________________________________________________________ 11. Other. Must attach schedule. ..............................11.____________________________________________________________ 12. TOTALS ................................................................ 12.____________________________________________________________ 13. BAR to six decimal places. Divide line 12, column A, by line 12, column \ B. %Check all that apply: Name/Address Change Short Period Amended Return Final Return Part II: Partnership Information Type of Return (check one) : Partnership LLC LLP Does the partnership have income/loss from business activities carried o\ n within Iowa? Yes No Is any of the partnership’s income/loss from real property within Iow\ a? Yes No Does the partnership’s income / loss come from any activity other than interest, dividends, or capital gain from the sale of stocks or bonds? Yes No FEIN: Business Code: County No.: Principal Activity: Part I: Partnership Name and Address Name: _______________________________________ Street Address: ________________________________ _____________________________________________ City, State, ZIP: ________________________________ Name of contact person: _______________________________ Phone No.: ( _____)_________ -______________________ Number of Partners: ____________ Please list any other states in which the partnership operates: ______________________________________ _____________________________________________ For Calendar Year 2012 or other fiscal year From____/____/____to____/____/____ Signature of Partner or Member: Date: Title: Daytime Telephone No.: Preparer’s Signature: Da\ te: Preparer’s Address: Preparer’s PTIN: Telephone No.File electronically. For details go to www.iowa.gov/tax. Declaration: Under penalties of perjury, I declare that I have examined this return \ and any attached schedules/statements, and, to the best of my knowledge, believe it to be true, correct and complete. If prepared by \ a person other than the taxpayer, the declaration is based on all inform\ ation of which there is any knowledge. 2012 IA 1065 Schedule K-1 Partner’s Share of Iowa Income, Deductions, Modifications www.iowa.gov/tax Iowa Department of Revenue Part I: General Information Partnership or Limited Liability Company Information: Name: __________________________________________________ FEIN: _________________________________________________ Partner Information: Name: _________________________________________________ Social Security Number / FEIN: _____________________________ Address: ________________________________________________ City, State, ZIP: __________________________________________ Amended K-1 Partner’s Entity Type: Individual Corporation Trust Partnership S Corporation Other: _____________________ Resident Partner Nonresident Partner Partner’s Ownership Percentage: ________________% Partnership Iowa Receipts: $ _______________ Partnership Total Receipts: $ _______________ Partnership BAR from page 1, Part IV, line 13: ______% Part II: Partner’s Pro Rata Share Items 1. Ordinary business income (loss) ...................................................1.__________________________________________________ 2. Net rental real estate income (loss) ...............................................2.__________________________________________________ 3. Other net rental income (loss) ........................................................ 3.__________________________________________________ 4. Guaranteed payments .................................................................. 4.__________________________________________________ 5. Interest income ........................................................................\ ....... 5.__________________________________________________ 6. Dividends line 6a, federal K-1 ........................................................ 6.__________________________________________________ 7. Royalties ........................................................................\ ................. 7.__________________________________________________ 8. Net short-term capital gain (loss) ...................................................8.__________________________________________________ 9. Net long-term capital gain (loss) line 9a, federal K-1 ....................9.__________________________________________________ 10. Net section 1231 gain (loss) ........................................................ 10.__________________________________________________ 11. Other income (loss) ...................................................................... 11.__________________________________________________ Total Income. Add lines 1 through 11. .............................................__________________________________________________ 12. Section 179 deduction ................................................................. 12.__________________________________________________ 13. Other deductions ........................................................................\ .. 13.__________________________________________________ Total deductions. Add lines 12 and 13. ...........................................__________________________________________________ Balance. Subtract total deductions from total income. .................__________________________________________________ 14. Credits from the credit section of federal K-1 ..............................14.__________________________________________________ 15. a) Post-1986 depreciation adjustment .......................................15a.__________________________________________________ b) Adjusted gain or loss ............................................................. 15b.__________________________________________________ c) Depletion other than oil and gas ...........................................15c.__________________________________________________ d) Gross income from oil, gas, and geothermal properties .......15d.__________________________________________________ e) Deductions allocable to oil, gas, and geothermal properties 15e.__________________________________________________ f ) Other adjustments and tax preference items. Attach schedule. ..................................................................... 15f.__________________________________________________ 16. MODIFICATIONS SCHEDULE .................................................... 16.__________________________________________________ TO THE PARTNER : You may have a filing requirement with the State of Iowa, regardless of \ whether or not you are a resident of another state. The partnership may file a composite return on behalf of \ its nonresident partners and should notify you if they have done so. To claim any withholding or tax credits, a return must be filed\ . Filing information for individuals, corporations, and other entities are provided on our Web site: www.iowa.gov/tax or by calling (\ 515) 281-3114 or 1-800-367-3388. NONRESIDENT PARTNERS ONLY (a) (b)(c) Federal K-1 Amount Business Activity Ratio Apportionable To Iowa (Same ratio applies (a) x (b) to each line item) (a) (b) (c) All Source Modifications Business Activity Ratio Apportionable To Iowa (a) x (b) Part III: Partner’s Portion of IA Credits /Withholding Type of Iowa Credit Certificate Number Current Year AmountIA Income Tax Withheld41-016b (09/12/12) NOTE: Completed Iowa Schedule K-1s for all partners must be included with the IA 1065 Partnership Return.
If you want to remove Iowa Partnership Return of Income Form from this website please contact us providing the reasons together with this url: https://formsarchive.com/iowa-partnership-return-of-income-form/